Brooks Automation, Inc (NASDAQ:BRKS) insider David Pietrantoni sold 7,575 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.89, for a total value of $203,691.75. Following the transaction, the insider now owns 60,142 shares of the company’s stock, valued at approximately $1,617,218.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Brooks Automation, Inc (NASDAQ:BRKS) traded down $0.12 on Wednesday, reaching $26.51. The company had a trading volume of 751,324 shares, compared to its average volume of 1,095,504. Brooks Automation, Inc has a one year low of $20.48 and a one year high of $34.77. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1,838.92, a PE ratio of 28.51 and a beta of 0.95.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $184.48 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. sell-side analysts anticipate that Brooks Automation, Inc will post 1.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s dividend payout ratio is 43.01%.
Several hedge funds have recently modified their holdings of BRKS. Advisor Group Inc. purchased a new stake in shares of Brooks Automation in the 2nd quarter worth $122,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Brooks Automation by 6.1% in the 2nd 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 period. Levin Capital Strategies L.P. purchased a new stake in shares of Brooks Automation in the 4th quarter worth $226,000. AMP Capital Investors Ltd purchased a new stake in shares of Brooks Automation in the 3rd quarter worth $243,000. Finally, LS Investment Advisors LLC lifted its holdings in shares of Brooks Automation by 372.1% in the 4th 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 period. Institutional investors and hedge funds own 85.63% of the company’s stock.
A number of research firms recently issued reports on BRKS. Stifel Nicolaus boosted their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Janney Montgomery Scott set a $35.00 price objective on Brooks Automation and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley boosted their price objective on Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Citigroup boosted their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Zacks Investment Research cut Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Brooks Automation currently has a consensus rating of “Buy” and a consensus price target of $32.88.
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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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