William T. Montone Sells 8,024 Shares of Brooks Automation, Inc (BRKS) Stock

Brooks Automation, Inc (NASDAQ:BRKS) SVP William T. Montone sold 8,024 shares of Brooks Automation stock in a transaction on Friday, January 19th. The stock was sold at an average price of $28.00, for a total value of $224,672.00. Following the sale, the senior vice president now owns 133,325 shares of the company’s stock, valued at $3,733,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Brooks Automation, Inc (NASDAQ BRKS) traded up $0.42 during trading on Monday, hitting $29.24. The stock had a trading volume of 1,148,496 shares, compared to its average volume of 802,171. The stock has a market capitalization of $2,029.70, a price-to-earnings ratio of 32.49 and a beta of 0.93. Brooks Automation, Inc has a 1 year low of $16.79 and a 1 year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. equities analysts forecast that Brooks Automation, Inc will post 1.33 earnings per share for the current year.

BRKS has been the subject of several research analyst reports. BidaskClub downgraded Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup lifted their target price on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus lifted their target price on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. B. Riley reiterated a “buy” rating and set a $34.00 target price on shares of Brooks Automation in a research report on Monday, November 13th. Finally, Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.63.

Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of Brooks Automation by 3.4% during the second quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 313 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Brooks Automation by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 348 shares during the period. Caxton Associates LP increased its stake in shares of Brooks Automation by 6.8% during the second quarter. Caxton Associates LP now owns 15,800 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Brooks Automation by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 53,304 shares of the semiconductor company’s stock valued at $1,156,000 after buying an additional 1,200 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,897 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Brooks Automation (NASDAQ:BRKS)

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