Brooks Automation, Inc. (BRKS) Position Lifted by Capital Fund Management S.A.
Capital Fund Management S.A. increased its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 120.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,300 shares of the semiconductor company’s stock after buying an additional 23,700 shares during the period. Capital Fund Management S.A. owned 0.06% of Brooks Automation worth $939,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Neuburgh Advisers LLC increased its stake in Brooks Automation by 29.3% in the 1st quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,156 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Brooks Automation in the 1st quarter worth about $127,000. SG Americas Securities LLC purchased a new position in Brooks Automation in the 1st quarter worth about $165,000. First Quadrant L P CA purchased a new position in Brooks Automation in the 2nd quarter worth about $201,000. Finally, Amalgamated Bank purchased a new position in Brooks Automation in the 1st quarter worth about $206,000. 90.44% of the stock is currently owned by institutional investors.
BRKS has been the topic of several recent analyst reports. BidaskClub downgraded shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Janney Montgomery Scott raised their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of Brooks Automation in a research note on Thursday, August 3rd. Stifel Nicolaus raised shares of Brooks Automation from a “hold” rating to a “buy” rating and raised their price target for the stock from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of 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, August 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.57.
Brooks Automation, Inc. (NASDAQ:BRKS) opened at 28.53 on Friday. The stock has a market cap of $1.92 billion, a P/E ratio of 35.71 and a beta of 1.07. The firm’s 50-day moving average is $25.39 and its 200-day moving average is $24.54. Brooks Automation, Inc. has a 52-week low of $12.71 and a 52-week high of $30.23.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, beating 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 net margin of 8.34% and a return on equity of 11.25%. Brooks Automation’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. Equities research analysts predict that Brooks Automation, Inc. will post $1.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. Brooks Automation’s dividend payout ratio is presently 50.00%.
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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