Lindon G. Robertson Sells 10,329 Shares of Brooks Automation, Inc. (BRKS) Stock

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.

Insider Buying and Selling by Quarter for Brooks Automation (NASDAQ:BRKS)

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