BlackRock Inc. grew its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,082,926 shares of the semiconductor company’s stock after purchasing an additional 94,433 shares during the quarter. BlackRock Inc. owned approximately 0.15% of Brooks Automation worth $512,697,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BRKS. Ropes Wealth Advisors LLC acquired a new stake in Brooks Automation during the third quarter worth approximately $29,000. Harbor Investment Advisory LLC raised its position in Brooks Automation by 101.3% in the 3rd quarter. Harbor Investment Advisory LLC now owns 950 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 478 shares during the last quarter. AdvisorNet Financial Inc grew its position in Brooks Automation by 100.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,000 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp increased its stake in Brooks Automation by 19.4% in the second quarter. Fifth Third Bancorp now owns 2,942 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 478 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Brooks Automation by 15.0% in the second quarter. Mutual of America Capital Management LLC now owns 3,609 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 471 shares during the last quarter. 87.57% of the stock is currently owned by institutional investors.
In other news, CEO Stephen S. Schwartz sold 30,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $48.87, for a total value of $1,466,100.00. Following the completion of the sale, the chief executive officer now owns 509,244 shares in the company, valued at $24,886,754.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen S. Schwartz sold 27,822 shares of the stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $69.62, for a total value of $1,936,967.64. Following the completion of the sale, the chief executive officer now owns 385,478 shares of the company’s stock, valued at approximately $26,836,978.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,953 shares of company stock worth $8,377,444. 2.66% of the stock is owned by company insiders.
BRKS stock opened at $67.18 on Friday. The company’s 50 day simple moving average is $53.95 and its 200-day simple moving average is $47.55. The firm has a market capitalization of $4.96 billion, a PE ratio of 76.34 and a beta of 1.71. Brooks Automation, Inc. has a 12 month low of $21.19 and a 12 month high of $72.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.08 and a quick ratio of 2.53.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Sunday, November 15th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.11. The firm had revenue of $246.20 million for the quarter, compared to analyst estimates of $234.88 million. Brooks Automation had a net margin of 7.23% and a return on equity of 7.95%. Brooks Automation’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Brooks Automation, Inc. will post 1.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. Brooks Automation’s dividend payout ratio (DPR) is presently 31.75%.
A number of brokerages have recently commented on BRKS. TheStreet raised shares of Brooks Automation from a “c+” rating to a “b-” rating in a report on Friday, July 31st. Stephens raised shares of Brooks Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $55.00 to $65.00 in a report on Wednesday, November 11th. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, November 10th. KeyCorp initiated coverage on shares of Brooks Automation in a report on Monday, November 9th. They set an “overweight” rating and a $71.00 price target for the company. Finally, Credit Suisse Group increased their price target on shares of Brooks Automation from $40.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, November 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $63.44.
Brooks Automation Profile
Brooks Automation, Inc provides automation and cryogenic solutions worldwide. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers wafer automation and contamination controls solutions and services.
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