Mutual of America Capital Management LLC Has $2.60 Million Stock Holdings in Waters Co. (NYSE:WAT)

Mutual of America Capital Management LLC cut its holdings in Waters Co. (NYSE:WAT) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,905 shares of the medical instruments supplier’s stock after selling 385 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Waters were worth $2,603,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WAT. First Capital Advisors Group LLC. acquired a new position in Waters during the 2nd quarter worth approximately $26,000. Harbour Investments Inc. boosted its position in Waters by 11,000.0% during the 2nd quarter. Harbour Investments Inc. now owns 111 shares of the medical instruments supplier’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Private Trust Co. NA boosted its position in Waters by 55.3% during the 3rd quarter. Private Trust Co. NA now owns 118 shares of the medical instruments supplier’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Waters during the 3rd quarter worth approximately $33,000. Finally, Exchange Traded Concepts LLC acquired a new position in Waters during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

Insider Activity at Waters

In related news, Director Linda Baddour sold 500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $355.54, for a total value of $177,770.00. Following the sale, the director now owns 2,250 shares in the company, valued at approximately $799,965. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is owned by company insiders.

Waters Trading Up 0.6 %

NYSE WAT opened at $295.98 on Friday. Waters Co. has a 12 month low of $231.90 and a 12 month high of $363.80. The stock has a 50 day moving average of $335.88 and a 200-day moving average of $305.56. The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 2.00. The company has a market cap of $17.55 billion, a PE ratio of 27.28, a PEG ratio of 5.85 and a beta of 0.92.

Waters (NYSE:WAT) last posted its quarterly earnings results on Tuesday, February 6th. The medical instruments supplier reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.06. Waters had a return on equity of 81.30% and a net margin of 21.72%. The business had revenue of $819.50 million for the quarter, compared to analysts’ expectations of $815.50 million. During the same quarter in the prior year, the business earned $3.84 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Waters Co. will post 11.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WAT has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Waters from $290.00 to $330.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Evercore ISI increased their price objective on Waters from $320.00 to $340.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, Barclays increased their price objective on Waters from $275.00 to $300.00 and gave the company an “underweight” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, Waters has an average rating of “Hold” and an average target price of $298.67.

About Waters

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.