Bruker Corporation (BRKR) CEO Frank H. Laukien Purchases 2,335 Shares
Bruker Corporation (NASDAQ:BRKR) CEO Frank H. Laukien acquired 2,335 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $27.39 per share, with a total value of $63,955.65. Following the completion of the transaction, the chief executive officer now owns 37,791,386 shares in the company, valued at approximately $1,035,106,062.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Bruker Corporation (BRKR) traded down 1.35% during trading on Thursday, reaching $27.07. The company’s stock had a trading volume of 418,973 shares. Bruker Corporation has a one year low of $19.59 and a one year high of $30.22. The firm has a market cap of $4.32 billion, a PE ratio of 26.99 and a beta of 1.10. The company has a 50-day moving average of $28.68 and a 200 day moving average of $25.61.
Bruker Corporation (NASDAQ:BRKR) last announced its quarterly earnings results on Thursday, August 3rd. The medical research company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $414.90 million during the quarter, compared to the consensus estimate of $384.75 million. Bruker Corporation had a net margin of 9.65% and a return on equity of 27.18%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Analysts expect that Bruker Corporation will post $1.12 EPS for the current fiscal year.
Bruker Corporation announced that its Board of Directors has authorized a stock buyback plan on Friday, May 12th that permits the company to buyback $225.00 million in shares. This buyback authorization permits the medical research company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
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Several large investors have recently made changes to their positions in BRKR. SG Americas Securities LLC purchased a new stake in shares of Bruker Corporation during the second quarter valued at $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bruker Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,599 shares of the medical research company’s stock valued at $133,000 after buying an additional 467 shares during the period. Smithfield Trust Co. purchased a new stake in shares of Bruker Corporation during the second quarter valued at $138,000. Advisory Services Network LLC purchased a new stake in shares of Bruker Corporation during the first quarter valued at $150,000. Finally, Capstone Asset Management Co. bought a new stake in shares of Bruker Corporation during the first quarter valued at about $203,000. 67.00% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on the company. BidaskClub lowered Bruker Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays PLC reissued an “equal weight” rating and issued a $30.00 price objective (up from $26.00) on shares of Bruker Corporation in a research report on Monday, July 17th. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 target price on shares of Bruker Corporation in a research report on Friday, July 14th. Wells Fargo & Company lowered Bruker Corporation from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised Bruker Corporation from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Bruker Corporation has a consensus rating of “Hold” and a consensus 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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