Brooks Automation Inc. (BRKS) Insider Sells $82,058.34 in Stock
Brooks Automation Inc. (NASDAQ:BRKS) insider David C. Gray sold 6,441 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $12.74, for a total value of $82,058.34. Following the completion of the sale, the insider now owns 138,834 shares in the company, valued at $1,768,745.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Brooks Automation Inc. (NASDAQ:BRKS) opened at 13.05 on Wednesday. Brooks Automation Inc. has a 12-month low of $8.33 and a 12-month high of $13.20. The stock’s market capitalization is $862.87 million. The firm’s 50-day moving average price is $12.59 and its 200 day moving average price is $11.20.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The company earned $147.53 million during the quarter, compared to analyst estimates of $144.40 million. During the same period in the previous year, the business earned $0.15 EPS. Brooks Automation’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Brooks Automation Inc. will post $0.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.40 annualized dividend and a yield of 3.07%. Brooks Automation’s dividend payout ratio (DPR) is currently -37.38%.
Several brokerages have recently weighed in on BRKS. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Brooks Automation in a report on Friday, July 29th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Citigroup Inc. reduced their price target on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating on the stock in a report on Monday, September 12th. TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Finally, Janney Montgomery Scott began coverage on Brooks Automation in a report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.85.
A number of large investors have recently bought and sold shares of BRKS. Granahan Investment Management Inc. MA raised its stake in Brooks Automation by 7.8% in the first quarter. Granahan Investment Management Inc. MA now owns 2,849,214 shares of the company’s stock valued at $29,632,000 after buying an additional 206,530 shares during the period. Kennedy Capital Management Inc. boosted its position in shares of Brooks Automation by 19.6% in the first quarter. Kennedy Capital Management Inc. now owns 348,387 shares of the company’s stock valued at $3,623,000 after buying an additional 57,078 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Brooks Automation during the first quarter valued at $13,905,000. Geode Capital Management LLC boosted its position in shares of Brooks Automation by 3.2% in the first quarter. Geode Capital Management LLC now owns 453,365 shares of the company’s stock valued at $4,714,000 after buying an additional 13,872 shares in the last quarter. Finally, Menta Capital LLC boosted its position in shares of Brooks Automation by 47.1% in the first quarter. Menta Capital LLC now owns 21,513 shares of the company’s stock valued at $224,000 after buying an additional 6,888 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
Brooks Automation Company Profile
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
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