Captrust Financial Advisors Acquires 2,026 Shares of Azenta, Inc. (NASDAQ:AZTA)

Captrust Financial Advisors grew its holdings in Azenta, Inc. (NASDAQ:AZTA) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,179 shares of the company’s stock after acquiring an additional 2,026 shares during the period. Captrust Financial Advisors’ holdings in Azenta were worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AZTA. Picton Mahoney Asset Management raised its position in Azenta by 305.7% in the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock worth $35,000 after acquiring an additional 532 shares during the period. Headlands Technologies LLC bought a new stake in shares of Azenta during the 4th quarter valued at $40,000. Covestor Ltd raised its position in shares of Azenta by 64.2% during the 4th quarter. Covestor Ltd now owns 2,043 shares of the company’s stock valued at $102,000 after purchasing an additional 799 shares during the period. KBC Group NV raised its position in shares of Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after purchasing an additional 698 shares during the period. Finally, Quarry LP bought a new stake in shares of Azenta during the 4th quarter valued at $110,000. 99.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen upgraded shares of Azenta to a “hold” rating in a research report on Thursday, February 27th. Needham & Company LLC decreased their price objective on shares of Azenta from $59.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Finally, Evercore ISI raised their price objective on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th.

Azenta Stock Performance

AZTA opened at $27.47 on Monday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -9.22 and a beta of 1.64. The company has a fifty day moving average of $30.00 and a 200 day moving average of $41.54. Azenta, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $63.58.

Azenta (NASDAQ:AZTA) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, equities research analysts forecast that Azenta, Inc. will post 0.53 earnings per share for the current year.

About Azenta

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.