Brooks Automation, Inc (BRKS) Short Interest Up 50.4% in February
Brooks Automation, Inc (NASDAQ:BRKS) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 3,246,709 shares, a growth of 50.4% from the January 31st total of 2,158,107 shares. Based on an average daily trading volume, of 1,664,582 shares, the short-interest ratio is presently 2.0 days. Approximately 4.7% of the company’s shares are sold short.
In other news, VP David Jarzynka sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president now directly owns 30,638 shares of the company’s stock, valued at $708,350.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lindon G. Robertson sold 13,212 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $29.00, for a total value of $383,148.00. Following the transaction, the chief financial officer now directly owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Insiders have sold 48,811 shares of company stock worth $1,322,712 over the last three months. Insiders own 2.36% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Brooks Automation by 101.4% in the third quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock worth $17,899,000 after acquiring an additional 296,797 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Brooks Automation by 1.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 426,160 shares of the semiconductor company’s stock worth $12,939,000 after acquiring an additional 5,353 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Brooks Automation by 43.9% in the third quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock worth $477,000 after acquiring an additional 4,794 shares during the last quarter. Boston Partners grew its stake in shares of Brooks Automation by 3.0% in the third quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after acquiring an additional 56,126 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its holdings in shares of Brooks Automation by 163.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 339,241 shares of the semiconductor company’s stock valued at $10,299,000 after purchasing an additional 210,710 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The firm had revenue of $189.33 million for the quarter, compared to analysts’ expectations of $184.48 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. analysts predict that Brooks Automation will post 1.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. Brooks Automation’s dividend payout ratio is currently 43.01%.
Several research firms have recently issued reports on BRKS. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, February 6th. Stephens reissued a “buy” rating and set a $36.00 target price on shares of Brooks Automation in a research note on Friday, February 2nd. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. B. Riley boosted their target price on Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Citigroup upped their price target on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $32.88.
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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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