Jennison Associates LLC Boosts Holdings in Brooks Automation, Inc. (BRKS)
Jennison Associates LLC raised its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 25.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,400 shares of the semiconductor company’s stock after buying an additional 14,727 shares during the period. Jennison Associates LLC owned approximately 0.10% of Brooks Automation worth $2,198,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Brooks Automation in the second quarter valued at $1,376,000. California Public Employees Retirement System increased its holdings in shares of Brooks Automation by 4.7% in the second quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock valued at $3,364,000 after buying an additional 6,900 shares in the last quarter. AHL Partners LLP increased its holdings in shares of Brooks Automation by 259.3% in the second quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock valued at $2,627,000 after buying an additional 87,384 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Brooks Automation by 53.3% in the first quarter. Credit Suisse AG now owns 169,734 shares of the semiconductor company’s stock valued at $3,802,000 after buying an additional 58,983 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after buying an additional 392,115 shares in the last quarter. 90.56% of the stock is currently owned by institutional investors.
Brooks Automation, Inc. (NASDAQ:BRKS) opened at $27.46 on Friday. Brooks Automation, Inc. has a 52-week low of $15.34 and a 52-week high of $34.77. The firm has a market cap of $1,917.61, a P/E ratio of 24.96 and a beta of 1.06.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share 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 firm had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. sell-side analysts expect that Brooks Automation, Inc. will post 1.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s dividend payout ratio is currently 44.44%.
In other news, VP Jason Joseph sold 5,159 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $147,289.45. Following the transaction, the vice president now directly owns 104,699 shares in the company, valued at approximately $2,989,156.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David C. Gray sold 2,394 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $80,917.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,258 shares of company stock worth $1,995,532. 2.24% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on BRKS. Stifel Nicolaus upped their price target on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Citigroup Inc. upped their price target on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Janney Montgomery Scott upped their price target on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Finally, Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.57.
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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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