Mutual of America Capital Management LLC Sells 4,435 Shares of Azenta, Inc. (NASDAQ:AZTA)

Mutual of America Capital Management LLC reduced its position in shares of Azenta, Inc. (NASDAQ:AZTA) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,438 shares of the company’s stock after selling 4,435 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Azenta were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Azenta by 20.0% in the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $74,000 after acquiring an additional 256 shares in the last quarter. Arizona State Retirement System increased its position in Azenta by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 14,050 shares of the company’s stock valued at $739,000 after purchasing an additional 269 shares during the period. Green Alpha Advisors LLC raised its holdings in shares of Azenta by 3.5% in the 3rd quarter. Green Alpha Advisors LLC now owns 10,203 shares of the company’s stock valued at $494,000 after purchasing an additional 348 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Azenta by 6.6% in the 3rd quarter. QRG Capital Management Inc. now owns 6,156 shares of the company’s stock worth $298,000 after purchasing an additional 383 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Azenta by 3.2% during the third quarter. Handelsbanken Fonder AB now owns 12,981 shares of the company’s stock valued at $629,000 after purchasing an additional 400 shares in the last quarter. 99.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AZTA. Needham & Company LLC reduced their price objective on shares of Azenta from $69.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Evercore ISI cut their price target on Azenta from $53.00 to $50.00 and set an “in-line” rating on the stock in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.60.

Azenta Stock Performance

NASDAQ AZTA opened at $45.58 on Tuesday. The firm has a market capitalization of $2.23 billion, a P/E ratio of -15.35 and a beta of 1.48. The stock has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $50.00. Azenta, Inc. has a fifty-two week low of $38.82 and a fifty-two week high of $69.16.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Azenta had a positive return on equity of 1.03% and a negative net margin of 25.01%. The company had revenue of $170.00 million during the quarter, compared to analysts’ expectations of $169.66 million. During the same period last year, the business earned $0.13 earnings per share. Azenta’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts forecast that Azenta, Inc. will post 0.4 earnings per share for the current year.

Insider Activity

In related news, CFO Herman Cueto sold 1,595 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $43.68, for a total transaction of $69,669.60. Following the sale, the chief financial officer now owns 24,604 shares in the company, valued at approximately $1,074,702.72. This trade represents a 6.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William L. Cornog acquired 12,500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $39.60 per share, with a total value of $495,000.00. Following the acquisition, the director now directly owns 14,755 shares of the company’s stock, valued at $584,298. This represents a 554.32 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,018 shares of company stock valued at $126,689 in the last three months. 1.77% of the stock is currently owned by corporate insiders.

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.