Insider Selling: Brooks Automation, Inc. (BRKS) CFO Sells 47,017 Shares of Stock

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.

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

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%.

WARNING: “Insider Selling: Brooks Automation, Inc. (BRKS) CFO Sells 47,017 Shares of Stock” was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece of content can be read at http://sleekmoney.com/insider-selling-brooks-automation-inc-brks-cfo-sells-47017-shares-of-stock/1655046.html.

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.

5 Day Chart for NASDAQ:BRKS

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/insider-selling-brooks-automation-inc-brks-cfo-sells-47017-shares-of-stock/1655046.html

Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *