Rhumbline Advisers boosted its holdings in Brooks Automation, Inc (NASDAQ:BRKS) by 16.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 163,391 shares of the semiconductor company’s stock after purchasing an additional 22,772 shares during the quarter. Rhumbline Advisers’ holdings in Brooks Automation were worth $3,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. North Star Investment Management Corp. grew its position in shares of Brooks Automation by 4.0% during the fourth quarter. North Star Investment Management Corp. now owns 52,000 shares of the semiconductor company’s stock valued at $1,240,000 after purchasing an additional 2,000 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Brooks Automation by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 170,603 shares of the semiconductor company’s stock valued at $4,069,000 after purchasing an additional 2,062 shares in the last quarter. American International Group Inc. grew its position in shares of Brooks Automation by 5.8% during the third quarter. American International Group Inc. now owns 54,591 shares of the semiconductor company’s stock valued at $1,657,000 after purchasing an additional 2,969 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Brooks Automation by 43.9% during the third quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock valued at $477,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Brooks Automation by 12.3% during the fourth quarter. Strs Ohio now owns 44,800 shares of the semiconductor company’s stock valued at $1,068,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

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Brooks Automation, Inc (NASDAQ BRKS) opened at $29.13 on Wednesday. The company has a market capitalization of $2,072.04, a PE ratio of 24.31 and a beta of 0.97. Brooks Automation, Inc has a 12-month low of $20.53 and a 12-month high of $34.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.33 and a quick ratio of 2.56.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million during the quarter, compared to the consensus estimate of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. analysts expect that Brooks Automation, Inc will post 1.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, March 1st. Brooks Automation’s payout ratio is currently 43.01%.

Several research analysts recently commented on BRKS shares. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, February 6th. Stephens reiterated a “buy” rating and issued a $36.00 price target on shares of Brooks Automation in a research report on Friday, February 2nd. B. Riley lifted their price target on Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub lowered Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.88.

In other Brooks Automation news, insider David C. Gray sold 7,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $28.88, for a total value of $202,160.00. Following the completion of the sale, the insider now owns 91,806 shares of the company’s stock, valued at $2,651,357.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Maurice H. Tenney sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now directly owns 166,798 shares of the company’s stock, valued at approximately $4,670,344. The disclosure for this sale can be found here. In the last three months, insiders sold 45,811 shares of company stock valued at $1,293,672. 2.36% of the stock is owned by insiders.

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

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