Maurice H. Tenney Sells 10,000 Shares of Brooks Automation, Inc (BRKS) Stock

Brooks Automation, Inc (NASDAQ:BRKS) insider Maurice H. Tenney sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the insider now directly owns 166,798 shares of the company’s stock, valued at approximately $4,670,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brooks Automation, Inc (NASDAQ:BRKS) traded up $1.11 during trading hours on Wednesday, hitting $25.73. The stock had a trading volume of 802,553 shares, compared to its average volume of 1,140,000. Brooks Automation, Inc has a fifty-two week low of $20.48 and a fifty-two week high of $34.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.33 and a quick ratio of 2.56. The company has a market cap of $1,810.00, a PE ratio of 27.97 and a beta of 0.95.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $189.33 million for the quarter, compared to analyst estimates of $184.48 million. During the same quarter last year, the firm earned $0.25 EPS. Brooks Automation’s revenue for the quarter was up 18.4% compared to the same quarter last year. equities analysts anticipate that Brooks Automation, Inc will post 1.4 earnings per share 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is 43.48%.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, February 6th. BidaskClub lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Stephens restated a “buy” rating and issued a $36.00 target price on shares of Brooks Automation in a research note on Friday, February 2nd. B. Riley raised their target price on Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott set a $35.00 target price on Brooks Automation and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.88.

Large investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its position in shares of Brooks Automation by 4.7% during the 2nd quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock worth $3,364,000 after purchasing an additional 6,900 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Brooks Automation by 101.4% during the 3rd quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock worth $17,899,000 after acquiring an additional 296,797 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Brooks Automation by 1.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 426,160 shares of the semiconductor company’s stock worth $12,939,000 after acquiring an additional 5,353 shares during the last quarter. AHL Partners LLP increased its holdings in shares of Brooks Automation by 259.3% during the 2nd quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock worth $2,627,000 after acquiring an additional 87,384 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Brooks Automation by 43.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock worth $477,000 after acquiring an additional 4,794 shares during the last quarter. 89.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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