Brooks Automation, Inc (BRKS) CEO Sells $126,277.76 in Stock

Brooks Automation, Inc (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $31.76, for a total transaction of $126,277.76. Following the sale, the chief executive officer now owns 513,455 shares of the company’s stock, valued at approximately $16,307,330.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Brooks Automation stock opened at $29.91 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 24.12 and a beta of 1.16. Brooks Automation, Inc has a 12 month low of $21.75 and a 12 month high of $39.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 3.29.

Several brokerages have recently weighed in on BRKS. Zacks Investment Research upgraded shares of Brooks Automation from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Citigroup boosted their price objective on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, B. Riley boosted their price objective on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $40.00.

Several institutional investors have recently made changes to their positions in the company. Crawford Investment Counsel Inc. increased its holdings in shares of Brooks Automation by 12.0% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 132,634 shares of the semiconductor company’s stock valued at $4,646,000 after acquiring an additional 14,190 shares during the period. FMR LLC acquired a new position in shares of Brooks Automation in the 3rd quarter valued at $28,276,000. BlackRock Inc. increased its holdings in shares of Brooks Automation by 4.4% in the 3rd quarter. BlackRock Inc. now owns 10,130,943 shares of the semiconductor company’s stock valued at $354,887,000 after acquiring an additional 423,039 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Brooks Automation by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,953,453 shares of the semiconductor company’s stock valued at $68,429,000 after acquiring an additional 37,547 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Brooks Automation by 2.9% in the 3rd quarter. Alliancebernstein L.P. now owns 110,925 shares of the semiconductor company’s stock valued at $3,886,000 after acquiring an additional 3,100 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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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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