Renaissance Technologies LLC Has $3.94 Million Position in Brooks Automation, Inc. (BRKS)
Renaissance Technologies LLC increased its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 27.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 175,657 shares of the semiconductor company’s stock after buying an additional 38,300 shares during the period. Renaissance Technologies LLC owned about 0.25% of Brooks Automation worth $3,935,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of Brooks Automation by 14.0% in the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 2,984 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Brooks Automation by 454.5% in the first quarter. Suntrust Banks Inc. now owns 58,752 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 48,157 shares during the last quarter. Norges Bank acquired a new position in shares of Brooks Automation during the fourth quarter valued at about $10,381,000. Ameritas Investment Partners Inc. acquired a new position in shares of Brooks Automation during the first quarter valued at about $127,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Brooks Automation during the first quarter valued at about $1,966,000. 91.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Brooks Automation, Inc. (NASDAQ BRKS) traded down 0.76% during trading on Tuesday, hitting $24.75. The stock had a trading volume of 58,607 shares. Brooks Automation, Inc. has a 1-year low of $12.05 and a 1-year high of $30.23. The firm’s 50 day moving average is $24.60 and its 200 day moving average is $23.28. The company has a market cap of $1.73 billion, a PE ratio of 30.98 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The company had revenue of $181.72 million for the quarter, compared to the consensus estimate of $177.40 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts anticipate that Brooks Automation, Inc. will post $1.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. Brooks Automation’s dividend payout ratio (DPR) is presently 50.00%.
Several equities analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Brooks Automation in a research note on Wednesday, May 3rd. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Friday. Credit Suisse Group reiterated a “hold” rating and issued a $26.00 price target on shares of Brooks Automation in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus upgraded Brooks Automation from a “hold” rating to a “buy” rating and lifted their price target for the company from $22.00 to $32.00 in a research note on Sunday. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.43.
About Brooks Automation
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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