William T. Montone Sells 4,140 Shares of Brooks Automation, Inc. (NASDAQ:BRKS) Stock

Brooks Automation, Inc. (NASDAQ:BRKS) SVP William T. Montone sold 4,140 shares of the firm’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $104.00, for a total transaction of $430,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ BRKS traded up $1.69 on Tuesday, reaching $104.14. 1,319,679 shares of the stock were exchanged, compared to its average volume of 837,708. Brooks Automation, Inc. has a one year low of $43.14 and a one year high of $108.72. The firm has a market capitalization of $7.74 billion, a PE ratio of 64.43 and a beta of 1.92. The company’s 50-day simple moving average is $86.86 and its two-hundred day simple moving average is $91.06. The company has a current ratio of 2.31, a quick ratio of 1.81 and a debt-to-equity ratio of 0.04.

Brooks Automation (NASDAQ:BRKS) last released its earnings results on Wednesday, August 4th. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $315.35 million for the quarter, compared to analysts’ expectations of $308.47 million. Brooks Automation had a net margin of 10.74% and a return on equity of 13.38%. Sell-side analysts forecast that Brooks Automation, Inc. will post 2.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, September 2nd. Brooks Automation’s dividend payout ratio (DPR) is presently 31.75%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spouting Rock Asset Management LLC boosted its holdings in shares of Brooks Automation by 0.5% during the 2nd quarter. Spouting Rock Asset Management LLC now owns 35,317 shares of the semiconductor company’s stock valued at $3,365,000 after purchasing an additional 172 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Brooks Automation by 156.6% during the 2nd quarter. Jones Financial Companies Lllp now owns 313 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Brooks Automation by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 38,916 shares of the semiconductor company’s stock valued at $3,708,000 after purchasing an additional 194 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Brooks Automation by 38.5% during the 1st quarter. Assetmark Inc. now owns 755 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 210 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Brooks Automation by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 29,246 shares of the semiconductor company’s stock valued at $2,787,000 after purchasing an additional 225 shares during the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Monday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a C$114.00 price objective on shares of Brooks Automation in a report on Monday, August 23rd. Finally, KeyCorp raised their price objective on shares of Brooks Automation from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Tuesday, September 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $98.75.

About Brooks Automation

Brooks Automation, Inc engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following segments: Brooks Semiconductor Solutions Group and Brooks Life Sciences Products and Brooks Life Sciences Services.

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