Brooks Automation, Inc. (BRKS) SVP Sells $213,625.00 in Stock
Brooks Automation, Inc. (NASDAQ:BRKS) SVP William T. Montone sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $17.09, for a total transaction of $213,625.00. Following the sale, the senior vice president now owns 151,756 shares of the company’s stock, valued at $2,593,510.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) opened at 17.29 on Friday. The stock has a 50 day moving average of $16.68 and a 200-day moving average of $13.74. The firm’s market capitalization is $1.15 billion. Brooks Automation, Inc. has a 52-week low of $8.33 and a 52-week high of $17.98.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.07. Brooks Automation had a negative net margin of 12.40% and a positive return on equity of 5.79%. The business earned $157.55 million during the quarter, compared to the consensus estimate of $145.77 million. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Brooks Automation, Inc. will post $0.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, November 30th. Brooks Automation’s payout ratio is -39.22%.
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Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Brooks Automation during the third quarter worth about $114,000. Riverhead Capital Management LLC increased its stake in shares of Brooks Automation by 381.1% in the second quarter. Riverhead Capital Management LLC now owns 9,020 shares of the company’s stock worth $338,000 after buying an additional 7,145 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Brooks Automation by 15.9% in the second quarter. Teacher Retirement System of Texas now owns 9,545 shares of the company’s stock worth $107,000 after buying an additional 1,313 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Brooks Automation during the second quarter worth about $114,000. Finally, US Bancorp DE increased its stake in shares of Brooks Automation by 47.8% in the third quarter. US Bancorp DE now owns 11,169 shares of the company’s stock worth $152,000 after buying an additional 3,614 shares during the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on BRKS. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of Brooks Automation in a research report on Wednesday. Credit Suisse Group upgraded shares of Brooks Automation from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $17.00 in a research report on Monday, January 9th. Stifel Nicolaus downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Tuesday, January 3rd. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Brooks Automation in a research report on Wednesday, November 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $17.93.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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