Waters Co. (WAT) VP Michael F. Silveira Sells 3,521 Shares

Waters Co. (NYSE:WAT) VP Michael F. Silveira sold 3,521 shares of Waters stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $190.77, for a total transaction of $671,701.17. Following the completion of the transaction, the vice president now directly owns 4,470 shares in the company, valued at approximately $852,741.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Waters traded up $3.51, reaching $193.99, on Friday, according to Marketbeat Ratings. 7,873 shares of the company traded hands, compared to its average volume of 541,962. Waters Co. has a 52-week low of $189.21 and a 52-week high of $190.85. The company has a market capitalization of $14.94 billion, a PE ratio of 25.77, a PEG ratio of 2.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.87 and a current ratio of 6.44.

Waters (NYSE:WAT) last announced its quarterly earnings data on Tuesday, April 24th. The medical instruments supplier reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.04. Waters had a net margin of 1.14% and a return on equity of 25.80%. The firm had revenue of $530.70 million for the quarter, compared to the consensus estimate of $534.17 million. During the same period in the previous year, the firm posted $1.46 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Waters Co. will post 8.21 earnings per share for the current fiscal year.



Waters declared that its Board of Directors has approved a share buyback plan on Tuesday, April 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the medical instruments supplier to repurchase up to 18.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banco de Sabadell S.A purchased a new position in Waters during the fourth quarter valued at approximately $193,000. Brown Advisory Securities LLC purchased a new position in Waters during the fourth quarter valued at approximately $202,000. Checchi Capital Advisers LLC purchased a new position in Waters during the fourth quarter valued at approximately $210,000. Trust Co. of Virginia VA purchased a new position in Waters during the fourth quarter valued at approximately $213,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Waters during the first quarter valued at approximately $272,000. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Waters from a “buy” rating to a “hold” rating in a research note on Monday, March 26th. Leerink Swann set a $214.00 price objective on shares of Waters and gave the stock a “buy” rating in a research note on Wednesday, April 25th. Robert W. Baird dropped their target price on shares of Waters from $220.00 to $201.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 25th. ValuEngine downgraded shares of Waters from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley dropped their target price on shares of Waters from $218.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 25th. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $207.31.

Waters Company Profile

Waters Corporation, a specialty measurement company, provides analytical workflow solutions in the United States, Europe, Asia, and internationally. It designs, manufactures, sells, and services high and ultra performance liquid chromatography technology, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.

Insider Buying and Selling by Quarter for Waters (NYSE:WAT)

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