Mission Wealth Management LP Boosts Position in Waters Co. (NYSE:WAT)

Mission Wealth Management LP boosted its stake in Waters Co. (NYSE:WAT) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,415 shares of the medical instruments supplier’s stock after purchasing an additional 80 shares during the period. Mission Wealth Management LP’s holdings in Waters were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WAT. Athena Capital Advisors LLC acquired a new stake in Waters in the 4th quarter valued at approximately $28,000. Lindbrook Capital LLC acquired a new stake in Waters in the 4th quarter valued at approximately $41,000. Massey Quick Simon & CO. LLC acquired a new stake in Waters in the 1st quarter valued at approximately $43,000. Van ECK Associates Corp increased its holdings in Waters by 33.8% in the 4th quarter. Van ECK Associates Corp now owns 297 shares of the medical instruments supplier’s stock valued at $56,000 after purchasing an additional 75 shares during the last quarter. Finally, Enlightenment Research LLC acquired a new stake in Waters in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.

NYSE:WAT opened at $203.20 on Friday. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.44 and a quick ratio of 2.89. Waters Co. has a 52 week low of $167.93 and a 52 week high of $255.21.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, April 23rd. The medical instruments supplier reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.13). The business had revenue of $513.90 million during the quarter, compared to analyst estimates of $545.82 million. Waters had a return on equity of 39.64% and a net margin of 24.59%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. On average, sell-side analysts anticipate that Waters Co. will post 9.11 earnings per share for the current fiscal year.

WAT has been the subject of several research reports. Robert W. Baird dropped their price target on shares of Waters from $211.00 to $209.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. ValuEngine downgraded shares of Waters from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Barclays dropped their price target on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th. UBS Group dropped their price target on shares of Waters from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Cleveland Research downgraded shares of Waters from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $208.71.

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About Waters

Waters Corporation, a specialty measurement company, 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.

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Institutional Ownership by Quarter for Waters (NYSE:WAT)

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