Rice Hall James & Associates LLC Lowers Position in Brooks Automation, Inc. (NASDAQ:BRKS)
Rice Hall James & Associates LLC reduced its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,369 shares of the semiconductor company’s stock after selling 9,388 shares during the period. Rice Hall James & Associates LLC’s holdings in Brooks Automation were worth $3,023,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BRKS. First Trust Advisors LP increased its position in Brooks Automation by 461.1% in the second quarter. First Trust Advisors LP now owns 120,392 shares of the semiconductor company’s stock valued at $2,611,000 after buying an additional 98,935 shares in the last quarter. Arizona State Retirement System increased its position in Brooks Automation by 0.3% in the second quarter. Arizona State Retirement System now owns 36,293 shares of the semiconductor company’s stock valued at $787,000 after buying an additional 100 shares in the last quarter. Boston Partners increased its position in Brooks Automation by 2.7% in the second quarter. Boston Partners now owns 1,848,148 shares of the semiconductor company’s stock valued at $40,086,000 after buying an additional 48,677 shares in the last quarter. Cigna Investments Inc. New bought a new position in Brooks Automation during the second quarter valued at approximately $225,000. Finally, Global X Management Co. LLC increased its position in Brooks Automation by 238.4% in the second quarter. Global X Management Co. LLC now owns 128,531 shares of the semiconductor company’s stock valued at $2,788,000 after buying an additional 90,547 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.
Brooks Automation, Inc. (NASDAQ BRKS) opened at 24.76 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 30.99 and a beta of 1.03. The company has a 50 day moving average of $24.28 and a 200 day moving average of $23.55. Brooks Automation, Inc. has a 1-year low of $12.05 and a 1-year high of $30.23.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. The company had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. On average, equities research analysts anticipate that Brooks Automation, Inc. will post $1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s payout ratio is 50.00%.
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Several equities analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a report on Tuesday. Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and upped their price objective for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 4th. ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Brooks Automation presently has an average rating of “Buy” and an average price target 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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