TimesSquare Capital Management LLC reduced its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 23.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 989,520 shares of the semiconductor company’s stock after selling 305,980 shares during the quarter. TimesSquare Capital Management LLC owned 1.37% of Brooks Automation worth $38,344,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BRKS. FMR LLC grew its holdings in shares of Brooks Automation by 226.6% during the first quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock valued at $40,999,000 after buying an additional 969,851 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Brooks Automation by 32.9% during the first quarter. Wells Fargo & Company MN now owns 2,365,216 shares of the semiconductor company’s stock worth $69,371,000 after purchasing an additional 585,715 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Brooks Automation by 12.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,492,774 shares of the semiconductor company’s stock worth $102,443,000 after purchasing an additional 376,659 shares during the last quarter. Crawford Investment Counsel Inc. boosted its holdings in Brooks Automation by 179.7% during the first quarter. Crawford Investment Counsel Inc. now owns 434,521 shares of the semiconductor company’s stock worth $12,745,000 after purchasing an additional 279,147 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Brooks Automation by 3,884.5% during the first quarter. SG Americas Securities LLC now owns 240,268 shares of the semiconductor company’s stock worth $7,047,000 after purchasing an additional 234,238 shares during the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.
In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of Brooks Automation stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $41.00, for a total value of $136,653.00. Following the sale, the insider now owns 35,768 shares of the company’s stock, valued at $1,466,488. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.45% of the company’s stock.
BRKS stock traded up $0.89 during mid-day trading on Friday, hitting $31.24. The company had a trading volume of 276,600 shares, compared to its average volume of 492,076. The firm has a market cap of $2.26 billion, a PE ratio of 48.81 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.41 and a current ratio of 3.01. Brooks Automation, Inc has a 12 month low of $23.02 and a 12 month high of $42.25. The stock’s fifty day moving average price is $37.29 and its two-hundred day moving average price is $34.72.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $203.88 million for the quarter, compared to analyst estimates of $205.14 million. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities analysts anticipate that Brooks Automation, Inc will post 0.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, September 5th. Brooks Automation’s dividend payout ratio is 62.50%.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. TheStreet cut shares of Brooks Automation from a “b-” rating to a “c+” rating in a report on Tuesday. B. Riley restated a “buy” rating and set a $47.00 price target (down from $51.00) on shares of Brooks Automation in a report on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of Brooks Automation from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, BidaskClub cut shares of Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Brooks Automation has an average rating of “Buy” and a consensus target price of $42.00.
Brooks Automation Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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