Expect Equity LLC purchased a new stake in shares of Bruker Corporation (NASDAQ:BRKR – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 70,930 shares of the medical research company’s stock, valued at approximately $4,269,000. Bruker comprises approximately 2.7% of Expect Equity LLC’s investment portfolio, making the stock its 5th largest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in shares of Bruker during the fourth quarter valued at approximately $26,000. Allworth Financial LP raised its holdings in shares of Bruker by 40.6% during the third quarter. Allworth Financial LP now owns 890 shares of the medical research company’s stock valued at $29,000 after acquiring an additional 257 shares in the last quarter. Essential Partners LLC purchased a new stake in Bruker in the first quarter worth $36,000. Global Retirement Partners LLC purchased a new stake in Bruker in the second quarter worth $38,000. Finally, Parallel Advisors LLC boosted its holdings in Bruker by 121.0% in the fourth quarter. Parallel Advisors LLC now owns 875 shares of the medical research company’s stock valued at $41,000 after acquiring an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.
Bruker Price Performance
BRKR stock opened at $56.85 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.92 and a current ratio of 1.85. The firm has a 50 day moving average price of $58.69 and a 200-day moving average price of $47.71. Bruker Corporation has a 52-week low of $28.53 and a 52-week high of $65.30. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of -81.21, a PEG ratio of 1.74 and a beta of 1.28.
Bruker Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Monday, September 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st. Bruker’s dividend payout ratio is currently -28.57%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on BRKR shares. Stifel Nicolaus set a $50.00 price objective on shares of Bruker in a research report on Wednesday, August 5th. Citigroup dropped their target price on shares of Bruker from $60.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Bruker from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group set a $60.00 price target on shares of Bruker in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bruker from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Bruker currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.
Check Out Our Latest Analysis on BRKR
About Bruker
Bruker Corporation, founded in 1960 by physicist Günther Laukien and headquartered in Billerica, Massachusetts, is a leading developer and manufacturer of high-performance scientific instruments and analytical solutions. The company designs systems that enable molecular and materials research across academic, governmental, and industrial laboratories.
Bruker’s product portfolio encompasses nuclear magnetic resonance (NMR) spectrometers for molecular structure and dynamics studies, mass spectrometry platforms for proteomics and metabolomics, X-ray diffraction and scattering instruments for crystallography and materials characterization, atomic force and scanning probe microscopes for nanoscale surface analysis, as well as preclinical imaging systems such as micro-CT and MRI scanners.
In addition to hardware, Bruker provides software suites, applications support, training services, and long-term maintenance agreements to ensure optimal instrument performance.
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