Barrow Hanley Mewhinney & Strauss LLC lowered its position in Brooks Automation, Inc (NASDAQ:BRKS) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,465,558 shares of the semiconductor company’s stock after selling 134,040 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Brooks Automation were worth $82,654,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. acquired a new position in Brooks Automation in the second quarter worth approximately $122,000. Ameritas Investment Partners Inc. increased its holdings in Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after buying an additional 348 shares during the last quarter. Levin Capital Strategies L.P. acquired a new position in Brooks Automation in the fourth quarter worth approximately $226,000. AMP Capital Investors Ltd acquired a new position in Brooks Automation in the third quarter worth approximately $243,000. Finally, LS Investment Advisors LLC increased its holdings in Brooks Automation by 372.1% in the fourth quarter. LS Investment Advisors LLC now owns 11,245 shares of the semiconductor company’s stock worth $268,000 after buying an additional 8,863 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.
A number of equities analysts recently commented on BRKS shares. Stifel Nicolaus increased their price objective on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Citigroup increased their price target on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Finally, Stephens assumed coverage on Brooks Automation in a report on Thursday, December 21st. They set an “overweight” rating and a $32.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.88.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The company had revenue of $189.33 million for the quarter, compared to the consensus estimate of $184.48 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. equities research analysts forecast that Brooks Automation, Inc will post 1.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.40 annualized dividend and a yield of 1.53%. Brooks Automation’s dividend payout ratio (DPR) is presently 43.48%.
In other news, SVP William T. Montone sold 8,024 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $28.00, for a total value of $224,672.00. Following the sale, the senior vice president now owns 133,325 shares in the company, valued at $3,733,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP David Jarzynka sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total transaction of $231,200.00. Following the completion of the sale, the vice president now owns 30,638 shares in the company, valued at approximately $708,350.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,236 shares of company stock worth $1,119,020. 2.36% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: “Barrow Hanley Mewhinney & Strauss LLC Reduces Position in Brooks Automation, Inc (BRKS)” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.chaffeybreeze.com/2018/02/20/barrow-hanley-mewhinney-strauss-llc-reduces-position-in-brooks-automation-inc-brks.html.
Brooks Automation Profile
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.
Want to see what other hedge funds are holding BRKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brooks Automation, Inc (NASDAQ:BRKS).
Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.