Azenta, Inc. $AZTA Shares Sold by John G Ullman & Associates Inc.

Key Points

• John G Ullman & Associates Inc. decreased its holdings in Azenta, Inc. by 52.6% during Q2, now owning approximately 48,645 shares valued at about $1.5 million.
• Mechanics Financial Corp increased its position in Azenta by 77.6%, while Caitong International Asset Management Co. Ltd. saw a massive increase of 13,184.2% in their holdings during the first quarter.
• The stock has a current price target consensus of $35.75 and a mix of analyst ratings, including two "Buy," three "Hold," and one "Sell."

John G Ullman & Associates Inc. decreased its holdings in Azenta, Inc. (NASDAQ:AZTA - Free Report) by 52.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,645 shares of the company's stock after selling 53,907 shares during the quarter. John G Ullman & Associates Inc. owned about 0.11% of Azenta worth $1,497,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mechanics Financial Corp boosted its position in shares of Azenta by 77.6% in the 2nd quarter. Mechanics Financial Corp now owns 870 shares of the company's stock worth $27,000 after purchasing an additional 380 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Azenta by 788.1% in the 1st quarter. Farther Finance Advisors LLC now owns 968 shares of the company's stock worth $33,000 after purchasing an additional 859 shares in the last quarter. CWM LLC boosted its position in shares of Azenta by 113.5% in the 2nd quarter. CWM LLC now owns 1,898 shares of the company's stock worth $58,000 after purchasing an additional 1,009 shares in the last quarter. State of Wyoming lifted its position in Azenta by 77.1% during the 1st quarter. State of Wyoming now owns 2,343 shares of the company's stock worth $81,000 after acquiring an additional 1,020 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Azenta by 13,184.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,524 shares of the company's stock worth $87,000 after acquiring an additional 2,505 shares during the period. Institutional investors and hedge funds own 99.08% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AZTA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Azenta in a research report on Wednesday, October 8th. Evercore ISI set a $33.00 price target on Azenta and gave the stock an "in-line" rating in a research report on Tuesday, August 5th. Stephens began coverage on Azenta in a research report on Tuesday, July 22nd. They set an "equal weight" rating and a $35.00 price target for the company. Finally, Raymond James Financial raised Azenta from a "market perform" rating to an "outperform" rating and set a $35.00 price target for the company in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Azenta currently has a consensus rating of "Hold" and a consensus target price of $35.75.

Azenta Stock Down 1.7%

Shares of AZTA stock opened at $30.97 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of -12.80 and a beta of 1.62. The business has a 50-day simple moving average of $30.39 and a 200-day simple moving average of $29.62. Azenta, Inc. has a 52-week low of $23.91 and a 52-week high of $55.63.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $143.94 million during the quarter, compared to analysts' expectations of $149.64 million. Azenta had a positive return on equity of 1.35% and a negative net margin of 18.45%.The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Sell-side analysts anticipate that Azenta, Inc. will post 0.53 earnings per share for the current fiscal 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.

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