Teachers Retirement System of The State of Kentucky Has $823,000 Stock Position in Azenta, Inc. (NASDAQ:AZTA)

Teachers Retirement System of The State of Kentucky trimmed its position in Azenta, Inc. (NASDAQ:AZTA) by 31.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,450 shares of the company’s stock after selling 7,446 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Azenta were worth $823,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its holdings in shares of Azenta by 305.7% during the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock valued at $35,000 after acquiring an additional 532 shares in the last quarter. Headlands Technologies LLC acquired a new position in Azenta during the fourth quarter worth $40,000. Covestor Ltd lifted its stake in shares of Azenta by 64.2% in the fourth quarter. Covestor Ltd now owns 2,043 shares of the company’s stock valued at $102,000 after buying an additional 799 shares in the last quarter. KBC Group NV grew its holdings in shares of Azenta by 48.5% during the fourth quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after buying an additional 698 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Azenta by 39.8% during the fourth quarter. Sterling Capital Management LLC now owns 2,856 shares of the company’s stock worth $143,000 after acquiring an additional 813 shares in the last quarter. 99.08% of the stock is owned by institutional investors and hedge funds.

Azenta Stock Down 1.5 %

AZTA stock opened at $26.73 on Monday. The business has a 50 day moving average of $35.03 and a 200-day moving average of $43.24. The firm has a market cap of $1.22 billion, a PE ratio of -8.97 and a beta of 1.66. Azenta, Inc. has a 12-month low of $24.06 and a 12-month high of $63.58.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. On average, research analysts expect that Azenta, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on AZTA. Needham & Company LLC lifted their price target on Azenta from $55.00 to $59.00 and gave the company a “buy” 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. TD Cowen upgraded Azenta to a “hold” rating in a research note on Thursday, February 27th. Finally, Evercore ISI upped their target price on shares of Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, February 6th.

Azenta Company 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.