Swiss National Bank cut its position in Analogic Corp. (NASDAQ:ALOG) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,400 shares of the company’s stock after selling 100 shares during the period. Swiss National Bank’s holdings in Analogic Corp. were worth $1,719,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PineBridge Investments L.P. increased its stake in shares of Analogic Corp. by 3.5% in the second quarter. PineBridge Investments L.P. now owns 1,570 shares of the company’s stock valued at $125,000 after buying an additional 53 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $218,000 after buying an additional 68 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Analogic Corp. by 1.6% in the second quarter. Arizona State Retirement System now owns 6,461 shares of the company’s stock valued at $513,000 after buying an additional 100 shares in the last quarter. Alambic Investment Management L.P. increased its stake in shares of Analogic Corp. by 2.6% in the third quarter. Alambic Investment Management L.P. now owns 7,550 shares of the company’s stock valued at $669,000 after buying an additional 190 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Analogic Corp. by 3.4% in the second quarter. BlackRock Advisors LLC now owns 5,972 shares of the company’s stock valued at $474,000 after buying an additional 194 shares in the last quarter.
Shares of Analogic Corp. (NASDAQ:ALOG) traded down 2.57% during trading on Thursday, hitting $77.65. 220,485 shares of the stock were exchanged. Analogic Corp. has a 12-month low of $68.71 and a 12-month high of $95.85. The firm has a 50 day moving average of $84.26 and a 200-day moving average of $86.06. The company has a market cap of $967.13 million, a price-to-earnings ratio of 73.95 and a beta of 0.83.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings data on Tuesday, December 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.37. Analogic Corp. had a net margin of 2.58% and a return on equity of 7.14%. The firm earned $121.10 million during the quarter, compared to analyst estimates of $121.10 million. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Analogic Corp. will post $3.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date was Wednesday, December 14th. Analogic Corp.’s dividend payout ratio (DPR) is 37.74%.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Analogic Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Benchmark Co. downgraded shares of Analogic Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $97.00 to $85.00 in a research report on Wednesday, December 7th. Brean Capital restated a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Analogic Corp. in a research report on Thursday, September 22nd. Finally, TheStreet downgraded shares of Analogic Corp. from a “b-” rating to a “c+” rating in a research report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $89.00.
In other news, insider Mervat Faltas sold 367 shares of the stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $83.30, for a total transaction of $30,571.10. Following the completion of the transaction, the insider now directly owns 8,997 shares in the company, valued at approximately $749,450.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James W. Green sold 500 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $83.54, for a total value of $41,770.00. The disclosure for this sale can be found here. Insiders sold 12,860 shares of company stock valued at $1,080,385 in the last ninety days. 1.20% of the stock is owned by corporate insiders.
About Analogic Corp.
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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