Quarry LP Takes Position in Azenta, Inc. (NASDAQ:AZTA)

Quarry LP bought a new position in Azenta, Inc. (NASDAQ:AZTA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,205 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in shares of Azenta in the fourth quarter valued at $47,350,000. Conestoga Capital Advisors LLC raised its stake in shares of Azenta by 65.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,577,881 shares of the company’s stock worth $78,894,000 after acquiring an additional 621,830 shares in the last quarter. Norges Bank bought a new stake in Azenta in the fourth quarter worth $25,403,000. Schroder Investment Management Group boosted its holdings in Azenta by 46.7% during the 4th quarter. Schroder Investment Management Group now owns 1,405,056 shares of the company’s stock valued at $70,183,000 after acquiring an additional 447,292 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Azenta during the fourth quarter valued at approximately $20,469,000. 99.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AZTA. Needham & Company LLC raised their target price on Azenta from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price objective on Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, February 6th. Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd. Finally, TD Cowen upgraded shares of Azenta to a “hold” rating in a research note on Thursday, February 27th.

Azenta Trading Down 1.5 %

Shares of NASDAQ AZTA opened at $26.61 on Wednesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -8.93 and a beta of 1.66. Azenta, Inc. has a 12-month low of $24.06 and a 12-month high of $63.58. The firm has a 50 day moving average of $34.29 and a 200 day moving average of $43.00.

Azenta (NASDAQ:AZTA) last released its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Sell-side analysts predict that Azenta, Inc. will post 0.53 EPS for the current year.

Azenta Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.