Dynamic Advisor Solutions LLC Purchases 1,090 Shares of Waters Co. (NYSE:WAT)

Dynamic Advisor Solutions LLC raised its holdings in shares of Waters Co. (NYSE:WAT) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,859 shares of the medical instruments supplier’s stock after purchasing an additional 1,090 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Waters were worth $3,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of WAT. Vanguard Group Inc. grew its position in shares of Waters by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,879,316 shares of the medical instruments supplier’s stock valued at $2,368,067,000 after purchasing an additional 41,654 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd lifted its stake in Waters by 1.1% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,110,898 shares of the medical instruments supplier’s stock worth $382,404,000 after purchasing an additional 11,851 shares in the last quarter. Norges Bank purchased a new position in shares of Waters during the 4th quarter valued at $206,286,000. Van ECK Associates Corp increased its holdings in shares of Waters by 6.8% in the first quarter. Van ECK Associates Corp now owns 601,039 shares of the medical instruments supplier’s stock worth $206,895,000 after purchasing an additional 38,046 shares during the period. Finally, TD Asset Management Inc raised its position in shares of Waters by 4.3% in the first quarter. TD Asset Management Inc now owns 443,493 shares of the medical instruments supplier’s stock worth $152,664,000 after buying an additional 18,274 shares in the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on WAT. Jefferies Financial Group started coverage on Waters in a report on Monday, June 3rd. They set a “hold” rating and a $320.00 price objective for the company. SVB Leerink upgraded shares of Waters from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $325.00 to $375.00 in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Waters from $330.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Leerink Partnrs raised Waters from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their target price on Waters from $275.00 to $300.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $310.58.

Insider Transactions at Waters

In related news, Director Christopher A. Kuebler sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $361.64, for a total transaction of $1,446,560.00. Following the completion of the sale, the director now owns 14,716 shares in the company, valued at $5,321,894.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Richard H. Fearon acquired 1,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $332.90 per share, with a total value of $332,900.00. Following the acquisition, the director now directly owns 1,653 shares of the company’s stock, valued at $550,283.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher A. Kuebler sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $361.64, for a total value of $1,446,560.00. Following the completion of the sale, the director now owns 14,716 shares in the company, valued at $5,321,894.24. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

Waters Stock Down 0.1 %

WAT stock opened at $333.10 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.10 and a debt-to-equity ratio of 1.42. The firm has a market cap of $19.77 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 5.77 and a beta of 0.95. Waters Co. has a twelve month low of $231.90 and a twelve month high of $367.21. The business has a 50 day moving average of $305.15 and a 200 day moving average of $322.71.

Waters (NYSE:WAT) last announced its quarterly earnings data on Wednesday, July 31st. The medical instruments supplier reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.08. Waters had a net margin of 20.71% and a return on equity of 56.81%. The company had revenue of $709.00 million during the quarter, compared to analyst estimates of $700.09 million. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts forecast that Waters Co. will post 11.6 EPS for the current fiscal year.

Waters Profile

Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.