Brooks Automation Inc. (BRKS) Position Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its stake in Brooks Automation Inc. (NASDAQ:BRKS) by 22.0% during the second quarter, Holdings Channel reports. The fund owned 792,290 shares of the company’s stock after selling 223,886 shares during the period. Ameriprise Financial Inc. owned about 1.20% of Brooks Automation worth $8,890,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BRKS. Arizona State Retirement System boosted its position in shares of Brooks Automation by 5.7% in the first quarter. Arizona State Retirement System now owns 35,093 shares of the company’s stock valued at $365,000 after buying an additional 1,900 shares during the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of 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 last quarter. 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 during the last quarter. Wellington Management Group LLP purchased a new position in shares of Brooks Automation during the first quarter valued at about $13,905,000. 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 during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of Brooks Automation Inc. (NASDAQ:BRKS) traded up 0.37% during mid-day trading on Tuesday, reaching $13.59. The company had a trading volume of 27,733 shares. The stock has a 50 day moving average of $12.90 and a 200-day moving average of $11.44. Brooks Automation Inc. has a 52 week low of $8.33 and a 52 week high of $13.96. The company’s market capitalization is $898.57 million.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 had revenue of $147.53 million for the quarter, compared to analyst estimates of $144.40 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, August 31st. Brooks Automation’s dividend payout ratio is currently -37.38%.
Several research analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Brooks Automation in a research report on Friday, July 29th. Needham & Company LLC raised their target price on Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Janney Montgomery Scott started coverage on Brooks Automation in a research note on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price objective on the stock. One 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 company. The stock has an average rating of “Hold” and an average price target of $13.85.
In other Brooks Automation news, VP Jason Joseph sold 4,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $13.00, for a total transaction of $52,000.00. Following the sale, the vice president now owns 165,755 shares in the company, valued at approximately $2,154,815. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William T. Montone sold 5,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $12.08, for a total value of $60,400.00. Following the sale, the senior vice president now owns 206,532 shares in the company, valued at approximately $2,494,906.56. The disclosure for this sale can be found here. Corporate insiders own 2.15% 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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