Finally Time To Cut Your Stake? BofA Merrill Downgrades Waters (WAT) Shares

July 16, 2018 - By Kristin Houston

Waters Corporation (NYSE:WAT) Logo

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.23, from 1.13 in 2017Q4. It fall, as 29 investors sold Waters Corporation shares while 185 reduced holdings. 51 funds opened positions while 142 raised stakes. 70.29 million shares or 2.51% less from 72.10 million shares in 2017Q4 were reported.

Arizona State Retirement Sys reported 0.11% stake. Amundi Pioneer Asset Management holds 154,364 shares or 0.05% of its portfolio. Ironwood Investment Counsel Ltd Llc has 1,868 shares. State Board Of Administration Of Florida Retirement has 0.06% invested in Waters Corporation (NYSE:WAT). Violich Cap Mngmt Incorporated has invested 0.06% in Waters Corporation (NYSE:WAT). Citigroup reported 0.05% of its portfolio in Waters Corporation (NYSE:WAT). Stone Ridge Asset Mngmt Ltd Liability Co accumulated 1,636 shares or 0.02% of the stock. The New York-based Lazard Asset Mngmt Ltd Liability has invested 0% in Waters Corporation (NYSE:WAT). Mountain Pacific Invest Advisers Inc Id owns 111,399 shares. Tiverton Asset Ltd has 0.02% invested in Waters Corporation (NYSE:WAT) for 1,313 shares. Utah Retirement stated it has 0.06% of its portfolio in Waters Corporation (NYSE:WAT). Alphamark Advisors Lc invested in 10 shares or 0% of the stock. Fulton Fincl Bank Na holds 1,296 shares. Clean Yield Gp holds 0.19% of its portfolio in Waters Corporation (NYSE:WAT) for 2,275 shares. Hsbc Public Ltd holds 0.05% or 154,761 shares.

Since January 25, 2018, it had 0 insider purchases, and 12 insider sales for $27.64 million activity. 16,078 Waters Corporation (NYSE:WAT) shares with value of $3.13 million were sold by Harrington Michael C. On Thursday, May 17 the insider SILVEIRA MICHAEL F sold $671,716. Rae Elizabeth B sold 28,400 shares worth $6.22 million. 1,523 shares valued at $318,002 were sold by TERRICCIANO DAVID on Wednesday, February 28. Another trade for 42,143 shares valued at $9.15 million was made by BEAUDOUIN MARK T on Thursday, January 25. $278,826 worth of Waters Corporation (NYSE:WAT) shares were sold by Kelly Terrence P.

Waters (WAT) Receives a Downgrade

The Equity Rating of Waters (WAT) rating was cut by investment analysts at BofA Merrill from the previous Neutral rating to a Underperform rating in a research report shared with investors on 16 July.

The stock decreased 1.74% or $3.45 during the last trading session, reaching $194.64. About 332,252 shares traded. Waters Corporation (WAT) has risen 6.75% since July 16, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on July, 24. They expect $1.92 earnings per share, up 9.09 % or $0.16 from last year’s $1.76 per share. WAT’s profit will be $150.42 million for 25.34 P/E if the $1.92 EPS becomes a reality. After $1.59 actual earnings per share reported by Waters Corporation for the previous quarter, Wall Street now forecasts 20.75 % EPS growth.

Waters Corporation operates as an analytical instrument maker in the United States and internationally. The company has market cap of $15.25 billion. It operates through two divisions, Waters and TA. It has a 602.6 P/E ratio. It designs, makes, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry technology systems and support products, including chromatography columns, other consumable products, and comprehensive post-warranty service plans.

Waters Corporation (NYSE:WAT) Institutional Positions Chart

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