Teacher Retirement System of Texas Boosts Position in Bruker Corp. (BRKR)
Teacher Retirement System of Texas increased its position in shares of Bruker Corp. (NASDAQ:BRKR) by 10.9% during the second quarter, Holdings Channel reports. The firm owned 16,075 shares of the company’s stock after buying an additional 1,580 shares during the period. Teacher Retirement System of Texas’ holdings in Bruker Corp. were worth $366,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BRKR. Nationwide Fund Advisors boosted its stake in shares of Bruker Corp. by 257.2% in the second quarter. Nationwide Fund Advisors now owns 135,244 shares of the company’s stock worth $3,075,000 after buying an additional 97,377 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Bruker Corp. during the second quarter worth approximately $3,662,000. JPMorgan Chase & Co. boosted its stake in shares of Bruker Corp. by 236.3% in the second quarter. JPMorgan Chase & Co. now owns 426,096 shares of the company’s stock worth $9,688,000 after buying an additional 299,403 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Bruker Corp. during the second quarter worth approximately $350,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Bruker Corp. by 50.0% in the second quarter. Alambic Investment Management L.P. now owns 19,950 shares of the company’s stock worth $454,000 after buying an additional 6,650 shares during the last quarter. 69.92% of the stock is owned by hedge funds and other institutional investors.
Shares of Bruker Corp. (NASDAQ:BRKR) opened at 21.70 on Tuesday. Bruker Corp. has a 52-week low of $16.61 and a 52-week high of $29.85. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 32.68 and a beta of 0.93. The stock has a 50 day moving average of $22.30 and a 200 day moving average of $24.79.
Bruker Corp. (NASDAQ:BRKR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. Bruker Corp. had a net margin of 6.86% and a return on equity of 22.66%. The company had revenue of $371.70 million for the quarter, compared to the consensus estimate of $409.57 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts predict that Bruker Corp. will post $1.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 6th were given a $0.04 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.16 annualized dividend and a yield of 0.72%. Bruker Corp.’s dividend payout ratio is presently 24.24%.
A number of equities research analysts have recently commented on BRKR shares. Wells Fargo & Co. cut shares of Bruker Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 3rd. Janney Montgomery Scott raised shares of Bruker Corp. from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, August 3rd. Zacks Investment Research cut shares of Bruker Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 27th. Cantor Fitzgerald reduced their target price on shares of Bruker Corp. from $34.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Bruker Corp. in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.80.
In other news, CEO Frank H. Laukien acquired 4,500 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were purchased at an average cost of $22.17 per share, for a total transaction of $99,765.00. Following the transaction, the chief executive officer now directly owns 37,658,733 shares in the company, valued at approximately $834,894,110.61. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Packer acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was purchased at an average price of $21.97 per share, for a total transaction of $219,700.00. Following the completion of the transaction, the director now owns 22,500 shares in the company, valued at $494,325. The disclosure for this purchase can be found here. 35.80% of the stock is currently owned by corporate insiders.
About Bruker Corp.
Bruker Corporation is a designer and manufacturer of scientific instruments, and analytical and diagnostic solutions. The Company’s operating segments include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment.
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