Brooks Automation, Inc. (NASDAQ:BRKS) CFO Lindon G. Robertson sold 47,017 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $20.93, for a total transaction of $984,065.81. Following the completion of the sale, the chief financial officer now owns 178,929 shares of the company’s stock, valued at approximately $3,744,983.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded up 0.91% on Friday, hitting $21.14. 587,898 shares of the stock were exchanged. The company’s market cap is $1.46 billion. The firm’s 50-day moving average is $17.87 and its 200-day moving average is $14.81. Brooks Automation, Inc. has a one year low of $8.45 and a one year high of $21.43.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, February 1st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Brooks Automation had a negative net margin of 8.49% and a positive return on equity of 8.51%. The firm earned $160 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same quarter in the prior year, the firm earned $0.02 EPS. Brooks Automation’s quarterly revenue was up 33.3% on a year-over-year basis. On average, equities analysts forecast that Brooks Automation, Inc. will post $0.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is -53.33%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of BRKS. Quantitative Systematic Strategies LLC boosted its position in Brooks Automation by 7.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 15,700 shares of the company’s stock valued at $172,000 after buying an additional 1,084 shares during the period. Nationwide Fund Advisors boosted its position in Brooks Automation by 1.8% in the second quarter. Nationwide Fund Advisors now owns 72,644 shares of the company’s stock valued at $815,000 after buying an additional 1,319 shares during the period. Teacher Retirement System of Texas boosted its position in Brooks Automation by 15.9% in the second quarter. Teacher Retirement System of Texas now owns 9,545 shares of the company’s stock valued at $107,000 after buying an additional 1,313 shares during the period. Principal Financial Group Inc. boosted its position in Brooks Automation by 3.0% in the second quarter. Principal Financial Group Inc. now owns 482,868 shares of the company’s stock valued at $5,418,000 after buying an additional 14,154 shares during the period. Finally, Majedie Asset Management Ltd boosted its position in Brooks Automation by 13.7% in the second quarter. Majedie Asset Management Ltd now owns 1,603,967 shares of the company’s stock valued at $17,997,000 after buying an additional 193,526 shares during the period. Hedge funds and other institutional investors own 89.38% of the company’s stock.
A number of equities research analysts have recently issued reports on BRKS shares. B. Riley reiterated a “buy” rating and set a $22.00 price target on shares of Brooks Automation in a research report on Tuesday. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Friday, February 3rd. Needham & Company LLC lifted their price target on shares of Brooks Automation to $22.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Credit Suisse Group AG upgraded shares of Brooks Automation from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $17.00 in a research report on Monday, January 9th. Finally, Stifel Nicolaus downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Tuesday, January 3rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Brooks Automation has a consensus rating of “Buy” and a consensus price target of $19.64.
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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