Bruker (NASDAQ:BRKR) Shares Gap Down to $68.32

Bruker Co. (NASDAQ:BRKRGet Rating)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $68.32, but opened at $65.08. Bruker shares last traded at $64.88, with a volume of 4,480 shares trading hands.

Wall Street Analyst Weigh In

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

Bruker Stock Down 1.5 %

The firm has a 50-day moving average price of $63.54 and a 200 day moving average price of $64.09. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.55 and a quick ratio of 1.72. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 1.69 and a beta of 1.17.

Bruker (NASDAQ:BRKRGet Rating) last posted its earnings results on Wednesday, August 3rd. The medical research company reported $0.45 EPS 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 in the prior year, the business earned $0.44 EPS. Sell-side analysts predict that Bruker Co. will post 2.3 EPS for the current year.

Bruker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Wednesday, June 1st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, May 31st. Bruker’s dividend payout ratio is currently 11.05%.

Institutional Investors Weigh In On Bruker

A number of large investors have recently added to or reduced their stakes in BRKR. National Bank of Canada FI acquired a new stake in Bruker during the fourth quarter worth approximately $27,000. Allspring Global Investments Holdings LLC acquired a new stake in Bruker during the fourth quarter worth approximately $10,516,000. CWM LLC acquired a new stake in Bruker during the fourth quarter worth approximately $292,000. Robeco Institutional Asset Management B.V. grew its position in Bruker by 92.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,589 shares of the medical research company’s stock worth $469,000 after buying an additional 2,690 shares in the last quarter. Finally, Xponance Inc. grew its position in Bruker by 90.2% during the fourth quarter. Xponance Inc. now owns 22,034 shares of the medical research company’s stock worth $1,849,000 after buying an additional 10,452 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

Bruker Company Profile

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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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