Texas Permanent School Fund Sells 1,542 Shares of Bruker Co. (NASDAQ:BRKR)

Texas Permanent School Fund cut its holdings in Bruker Co. (NASDAQ:BRKRGet Rating) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,036 shares of the medical research company’s stock after selling 1,542 shares during the period. Texas Permanent School Fund’s holdings in Bruker were worth $4,632,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BRKR. National Bank of Canada FI bought a new position in shares of Bruker in the fourth quarter worth about $27,000. Covestor Ltd bought a new position in shares of Bruker in the fourth quarter worth about $42,000. Fifth Third Bancorp increased its stake in Bruker by 35.7% during the fourth quarter. Fifth Third Bancorp now owns 582 shares of the medical research company’s stock valued at $49,000 after acquiring an additional 153 shares during the period. Life Planning Partners Inc bought a new position in Bruker during the fourth quarter valued at about $50,000. Finally, Twin Tree Management LP bought a new position in Bruker during the fourth quarter valued at about $58,000. 76.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BRKR shares. StockNews.com lowered Bruker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 16th. The Goldman Sachs Group lowered their price target on Bruker from $73.00 to $60.00 and set a “sell” rating on the stock in a research note on Wednesday, April 13th.

Bruker Trading Down 1.5 %

BRKR stock opened at $62.48 on Friday. Bruker Co. has a 1-year low of $55.80 and a 1-year high of $92.35. The firm has a market cap of $9.33 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.69 and a beta of 1.17. The business’s 50 day moving average is $63.54 and its 200-day moving average is $64.09. The company has a current ratio of 2.55, a quick ratio of 1.72 and a debt-to-equity ratio of 1.19.

Bruker (NASDAQ:BRKRGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The medical research company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Bruker had a return on equity of 31.36% and a net margin of 11.06%. During the same period last year, the company posted $0.44 EPS. Equities analysts anticipate that Bruker Co. will post 2.3 earnings per share for the current fiscal year.

Bruker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Wednesday, June 1st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Tuesday, May 31st. Bruker’s payout ratio is currently 11.05%.

About Bruker

(Get Rating)

Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through three segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies.

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Institutional Ownership by Quarter for Bruker (NASDAQ:BRKR)

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