Headlands Technologies LLC Takes Position in Bruker Co. (NASDAQ:BRKR)

Headlands Technologies LLC bought a new position in shares of Bruker Co. (NASDAQ:BRKRFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,073 shares of the medical research company’s stock, valued at approximately $67,000.

Several other large investors have also modified their holdings of the business. Canada Pension Plan Investment Board raised its holdings in Bruker by 41.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 8,200 shares of the medical research company’s stock valued at $511,000 after buying an additional 2,400 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of Bruker in the 3rd quarter valued at approximately $1,580,000. Van ECK Associates Corp lifted its holdings in shares of Bruker by 28.6% in the 3rd quarter. Van ECK Associates Corp now owns 33,441 shares of the medical research company’s stock worth $2,083,000 after acquiring an additional 7,443 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bruker by 8.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,840,735 shares of the medical research company’s stock worth $488,478,000 after acquiring an additional 594,362 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Bruker by 1.0% during the 3rd quarter. Swiss National Bank now owns 225,800 shares of the medical research company’s stock worth $14,067,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 79.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRKR shares. Wolfe Research started coverage on Bruker in a research note on Wednesday, December 13th. They set an “outperform” rating and a $80.00 price target on the stock. Wells Fargo & Company started coverage on Bruker in a report on Tuesday, December 19th. They set an “equal weight” rating and a $72.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Bruker from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.00.

View Our Latest Stock Analysis on Bruker

Bruker Price Performance

BRKR stock opened at $70.60 on Tuesday. Bruker Co. has a 1 year low of $53.79 and a 1 year high of $84.84. The firm has a market capitalization of $9.77 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.89 and a quick ratio of 1.04. The business’s 50-day moving average is $71.70 and its two-hundred day moving average is $66.03.

Bruker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Bruker’s dividend payout ratio (DPR) is currently 9.22%.

Bruker Profile

(Free Report)

Bruker Corporation, together with its subsidiaries, develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI NANO, and Bruker Energy & Supercon Technologies.

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Institutional Ownership by Quarter for Bruker (NASDAQ:BRKR)

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