New York State Teachers Retirement System Maintains Position in Brooks Automation Inc. (BRKS)
New York State Teachers Retirement System maintained its stake in Brooks Automation Inc. (NASDAQ:BRKS) during the second quarter, Holdings Channel reports. The firm owned 156,627 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Brooks Automation were worth $1,757,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Brooks Automation during the first quarter valued at approximately $155,000. BNP Paribas Arbitrage SA increased its position in shares of Brooks Automation by 116.6% in the second quarter. BNP Paribas Arbitrage SA now owns 21,407 shares of the company’s stock valued at $240,000 after buying an additional 11,524 shares during the last quarter. Menta Capital LLC increased 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. Royal Bank of Canada increased its position in shares of Brooks Automation by 31.4% in the first quarter. Royal Bank of Canada now owns 27,990 shares of the company’s stock valued at $291,000 after buying an additional 6,689 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Brooks Automation by 2.5% in the second quarter. Nisa Investment Advisors LLC now owns 36,954 shares of the company’s stock valued at $415,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.
Brooks Automation Inc. (NASDAQ:BRKS) traded down 1.04% on Monday, reaching $13.29. The company had a trading volume of 148,027 shares. The company’s 50-day moving average is $13.17 and its 200-day moving average is $11.68. 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 $878.73 million.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating the 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 the consensus estimate of $144.40 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Brooks Automation Inc. will post $0.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 3.01%. Brooks Automation’s dividend payout ratio (DPR) is currently -37.38%.
Several brokerages have recently weighed in on BRKS. B. Riley reaffirmed a “buy” rating and set a $16.00 target price on shares of Brooks Automation in a research note on Friday, July 29th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Citigroup Inc. reduced their target price on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating for the company in a research note on Monday, September 12th. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, Janney Montgomery Scott began coverage on Brooks Automation in a research note on Tuesday, September 13th. They set a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and an average price target of $15.05.
In related news, SVP William T. Montone sold 5,000 shares of Brooks Automation stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $12.50, for a total value of $62,500.00. Following the sale, the senior vice president now directly owns 201,532 shares in the company, valued at $2,519,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jason Joseph sold 4,000 shares of Brooks Automation stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $13.00, for a total value of $52,000.00. Following the completion of the sale, the vice president now owns 165,755 shares in the company, valued at $2,154,815. The disclosure for this sale can be found here. 2.15% of the stock is owned by company insiders.
About Brooks Automation
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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