Bruker Corporation (BRKR) VP Mark Munch Sells 21,061 Shares
Bruker Corporation (NASDAQ:BRKR) VP Mark Munch sold 21,061 shares of Bruker Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $29.97, for a total value of $631,198.17. Following the transaction, the vice president now owns 60,524 shares of the company’s stock, valued at approximately $1,813,904.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Bruker Corporation (BRKR) traded up 0.283% during midday trading on Thursday, reaching $30.085. The company had a trading volume of 285,505 shares. Bruker Corporation has a 1-year low of $19.59 and a 1-year high of $30.22. The firm’s 50 day moving average is $28.34 and its 200 day moving average is $26.37. The stock has a market capitalization of $4.77 billion, a PE ratio of 29.995 and a beta of 1.10.
Bruker Corporation (NASDAQ:BRKR) last issued its earnings results on Thursday, August 3rd. The medical research company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Bruker Corporation had a net margin of 9.65% and a return on equity of 26.66%. The company had revenue of $414.90 million during the quarter, compared to analysts’ expectations of $384.75 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Bruker Corporation will post $1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th will be issued a $0.04 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.16 dividend on an annualized basis and a yield of 0.53%. Bruker Corporation’s dividend payout ratio (DPR) is presently 16.00%.
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A number of institutional investors have recently modified their holdings of BRKR. Teachers Advisors LLC increased its holdings in Bruker Corporation by 19.4% in the fourth quarter. Teachers Advisors LLC now owns 123,004 shares of the medical research company’s stock valued at $2,605,000 after buying an additional 19,995 shares in the last quarter. Capstone Asset Management Co. purchased a new position in Bruker Corporation in the first quarter valued at about $203,000. Wells Fargo & Company MN increased its holdings in Bruker Corporation by 7.0% in the first quarter. Wells Fargo & Company MN now owns 849,870 shares of the medical research company’s stock valued at $19,826,000 after buying an additional 55,454 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Bruker Corporation by 648.9% in the first quarter. Canada Pension Plan Investment Board now owns 70,400 shares of the medical research company’s stock valued at $1,642,000 after buying an additional 61,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Bruker Corporation by 2,913.0% in the first quarter. BNP Paribas Arbitrage SA now owns 48,841 shares of the medical research company’s stock valued at $1,139,000 after buying an additional 47,220 shares in the last quarter. 65.42% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the company. BidaskClub lowered Bruker Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company restated a “hold” rating and set a $29.00 target price on shares of Bruker Corporation in a research report on Friday, July 14th. Barclays PLC restated an “equal weight” rating and set a $30.00 target price (up from $26.00) on shares of Bruker Corporation in a research report on Monday, July 17th. Zacks Investment Research upgraded Bruker Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, July 6th. Finally, Wells Fargo & Company cut Bruker Corporation from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.00.
About Bruker Corporation
Bruker Corporation designs and manufactures scientific instruments, and analytical and diagnostic solutions. Its 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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