Brooks Automation Insider David Pietrantoni Sells 2,500 Shares (BRKS)
Brooks Automation (NASDAQ:BRKS) Insider David Pietrantoni unloaded 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $11.07, for a total transaction of $27,675.00. Following the transaction, the insider now directly owns 78,486 shares of the company’s stock, valued at approximately $868,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Brooks Automation (NASDAQ:BRKS) traded up 1.06% on Tuesday, hitting $11.46. The stock had a trading volume of 89,254 shares. Brooks Automation has a 1-year low of $8.74 and a 1-year high of $11.64. The stock’s 50-day moving average is $10.58 and its 200-day moving average is $10.40. The company has a market cap of $732.4 million and a P/E ratio of 20.29.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $117.35 million for the quarter, compared to the consensus estimate of $116.90 million. During the same quarter last year, the company posted $0.10 earnings per share. Brooks Automation’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Brooks Automation will post $0.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, September 3rd. This is a boost from Brooks Automation’s previous quarterly dividend of $0.08.
Separately, analysts at Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $13.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Brooks Automation presently has a consensus rating of “Buy” and an average price target of $12.33.
Brooks Automation, Inc (NASDAQ:BRKS) is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences.
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