Brooks Automation, Inc. (BRKS) VP Jason Joseph Sells 5,159 Shares
Brooks Automation, Inc. (NASDAQ:BRKS) VP Jason Joseph sold 5,159 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the completion of the sale, the vice president now owns 104,699 shares in the company, valued at $2,989,156.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Brooks Automation, Inc. (NASDAQ BRKS) traded down $2.49 during midday trading on Monday, hitting $26.29. 2,337,300 shares of the stock were exchanged, compared to its average volume of 659,758. Brooks Automation, Inc. has a one year low of $14.18 and a one year high of $34.77. The firm has a market cap of $1,835.91, a P/E ratio of 23.90 and a beta of 1.06.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. equities analysts expect that Brooks Automation, Inc. will post 1.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is presently 44.44%.
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Several equities research analysts recently commented on the stock. Needham & Company LLC lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. They noted that the move was a valuation call. B. Riley reissued a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a research note on Tuesday, August 8th. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.57.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new stake in Brooks Automation during the 2nd quarter worth approximately $1,376,000. California Public Employees Retirement System boosted its holdings in Brooks Automation by 4.7% in the 2nd quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock worth $3,364,000 after acquiring an additional 6,900 shares during the period. AHL Partners LLP boosted its holdings in Brooks Automation by 259.3% in the 2nd quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock worth $2,627,000 after acquiring an additional 87,384 shares during the period. Credit Suisse AG boosted its holdings in Brooks Automation by 53.3% in the 1st quarter. Credit Suisse AG now owns 169,734 shares of the semiconductor company’s stock worth $3,802,000 after acquiring an additional 58,983 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Brooks Automation by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after acquiring an additional 392,115 shares during the period. 90.56% of the stock is owned by hedge funds and other institutional investors.
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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