Brooks Automation, Inc. (NASDAQ:BRKS) CFO Lindon G. Robertson sold 10,329 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $294,892.95. Following the completion of the transaction, the chief financial officer now owns 183,417 shares in the company, valued at $5,236,555.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Brooks Automation, Inc. (NASDAQ BRKS) opened at $27.01 on Wednesday. The stock has a market cap of $1,871.52, a P/E ratio of 24.36 and a beta of 1.06. Brooks Automation, Inc. has a fifty-two week low of $15.06 and a fifty-two week high of $34.77.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. During the same period last year, the business earned $0.22 EPS. The company’s revenue was up 15.4% on a year-over-year basis. research analysts expect that Brooks Automation, Inc. will post 1.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Brooks Automation’s payout ratio is 44.44%.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at $1,376,000. California Public Employees Retirement System raised its holdings in shares of Brooks Automation by 4.7% in the 2nd quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock valued at $3,364,000 after purchasing an additional 6,900 shares in the last quarter. AHL Partners LLP raised its holdings in shares of Brooks Automation by 259.3% in the 2nd quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock valued at $2,627,000 after purchasing an additional 87,384 shares in the last quarter. Credit Suisse AG raised its holdings in shares of Brooks Automation by 53.3% in the 1st quarter. Credit Suisse AG now owns 169,734 shares of the semiconductor company’s stock valued at $3,802,000 after purchasing an additional 58,983 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Brooks Automation by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares in the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
BRKS has been the topic of a number of research reports. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. increased their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Credit Suisse Group reiterated a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Needham & Company LLC lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.57.
About Brooks Automation
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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