Royal Bank of Canada reduced its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 18.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,087 shares of the semiconductor company’s stock after selling 4,890 shares during the period. Royal Bank of Canada’s holdings in Brooks Automation were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $104,000. Advisor Group Inc. acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $122,000. Riverhead Capital Management LLC boosted its stake in shares of Brooks Automation by 49.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,897 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Brooks Automation in the 2nd quarter valued at approximately $201,000. Finally, Amalgamated Bank acquired a new stake in shares of Brooks Automation in the 1st quarter valued at approximately $206,000. Institutional investors own 90.56% of the company’s stock.

In other Brooks Automation news, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $796,973.25. Following the completion of the transaction, the chief executive officer now owns 661,852 shares in the company, valued at approximately $18,895,874.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jason Joseph sold 5,159 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the transaction, the vice president now owns 104,699 shares of the company’s stock, valued at approximately $2,989,156.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,258 shares of company stock worth $1,995,532. 2.24% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley restated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a research note on Tuesday, August 8th. Janney Montgomery Scott raised their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Stifel Nicolaus raised their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Brooks Automation in a research note on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Brooks Automation presently has an average rating of “Hold” and a consensus price target of $31.57.

Shares of Brooks Automation, Inc. (NASDAQ BRKS) opened at $26.80 on Tuesday. Brooks Automation, Inc. has a 1 year low of $14.80 and a 1 year high of $34.77. The company 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million for the quarter, compared to the consensus estimate of $174.66 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. equities research analysts expect that Brooks Automation, Inc. will post 1.42 EPS for the current 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. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.49%. Brooks Automation’s dividend payout ratio is presently 44.44%.

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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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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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