Insider Selling: Brooks Automation, Inc. (BRKS) CEO Sells 27,915 Shares of Stock
Brooks Automation, Inc. (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 27,915 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total value of $796,973.25. Following the completion of the sale, the chief executive officer now owns 661,852 shares in the company, valued at $18,895,874.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded down $2.49 on Monday, reaching $26.29. The company’s stock had a trading volume of 2,337,300 shares, compared to its average volume of 659,758. Brooks Automation, Inc. has a 12-month low of $14.18 and a 12-month high of $34.77. The firm has a market capitalization of $1,835.91, a price-to-earnings ratio of 23.90 and a beta of 1.06.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. sell-side analysts anticipate that Brooks Automation, Inc. will post 1.42 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of BRKS. BlackRock Inc. lifted its stake in Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock valued at $194,215,000 after buying an additional 8,652,867 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new position in Brooks Automation in the third quarter valued at approximately $15,902,000. Bank of New York Mellon Corp lifted its stake in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock valued at $55,421,000 after buying an additional 489,434 shares during the period. Koch Industries Inc. acquired a new position in Brooks Automation in the second quarter valued at approximately $391,000. Finally, Vanguard Group Inc. lifted its stake in 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 during the period. 90.56% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. Needham & Company LLC cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a report on Tuesday, August 8th. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.57.
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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