Boston Partners raised its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,904,274 shares of the semiconductor company’s stock after acquiring an additional 56,126 shares during the quarter. Boston Partners owned approximately 2.83% of Brooks Automation worth $57,813,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Brooks Automation during the second quarter valued at $104,000. Advisor Group Inc. bought a new position in shares of Brooks Automation in the second quarter valued at about $122,000. Riverhead Capital Management LLC raised its holdings in shares of Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,897 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 348 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in shares of Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 2,072 shares during the last quarter. 90.61% of the stock is owned by institutional investors.
Shares of Brooks Automation, Inc. (NASDAQ BRKS) opened at $26.29 on Friday. The company has a market capitalization of $1,833.96, a PE ratio of 23.90 and a beta of 1.06. Brooks Automation, Inc. has a 12-month low of $14.18 and a 12-month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million during the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. equities research analysts expect that Brooks Automation, Inc. will post 1.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. Brooks Automation’s payout ratio is 44.44%.
In related news, VP David Jarzynka sold 2,476 shares of Brooks Automation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $83,688.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William T. Montone sold 2,257 shares of Brooks Automation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $76,286.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,784 shares of company stock valued at $668,699. Corporate insiders own 2.24% of the company’s stock.
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A number of research analysts recently issued reports on BRKS shares. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of Brooks Automation in a report on Thursday, August 3rd. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Brooks Automation presently has a consensus rating of “Hold” and an average target price of $31.57.
Brooks Automation Company 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.
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