Brooks Automation, Inc (BRKS) Insider Sells $203,691.75 in Stock

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.

WARNING: “Brooks Automation, Inc (BRKS) Insider Sells $203,691.75 in Stock” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/21/brooks-automation-inc-brks-insider-sells-203691-75-in-stock.html.

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.

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

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

Leave a Reply