Bank of America Corp DE increased its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 10.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 389,454 shares of the semiconductor company’s stock after purchasing an additional 36,389 shares during the period. Bank of America Corp DE’s holdings in Brooks Automation were worth $12,703,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Psagot Investment House Ltd. purchased a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $103,000. Envestnet Asset Management Inc. increased its position in shares of Brooks Automation by 624.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,375 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 4,633 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $208,000. LPL Financial LLC purchased a new stake in shares of Brooks Automation in the 1st quarter valued at approximately $223,000. Finally, Independent Advisor Alliance purchased a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $287,000. 94.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Stephens reissued a “buy” rating and issued a $35.00 price objective on shares of Brooks Automation in a research report on Tuesday, August 7th. Finally, Citigroup upped their target price on shares of Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.71.
Shares of Brooks Automation stock opened at $30.27 on Friday. Brooks Automation, Inc has a 12-month low of $21.75 and a 12-month high of $39.75. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.47 billion, a PE ratio of 24.41 and a beta of 1.05.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The business had revenue of $223.48 million during the quarter, compared to analysts’ expectations of $218.98 million. During the same quarter in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, research analysts expect that Brooks Automation, Inc will post 1.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, September 6th. Brooks Automation’s payout ratio is 32.26%.
In related news, VP Jason Joseph sold 1,965 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now owns 86,868 shares in the company, valued at approximately $3,300,984. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Lindon G. Robertson sold 13,042 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $39.00, for a total transaction of $508,638.00. Following the sale, the chief financial officer now owns 136,642 shares of the company’s stock, valued at approximately $5,329,038. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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