Rhumbline Advisers grew its position in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,391 shares of the semiconductor company’s stock after buying an additional 22,772 shares during the quarter. Rhumbline Advisers owned 0.23% of Brooks Automation worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. bought a new position in shares of Brooks Automation during the 4th quarter valued at $226,000. AMP Capital Investors Ltd bought a new position in shares of Brooks Automation during the 3rd quarter valued at $243,000. LS Investment Advisors LLC lifted its holdings in shares of Brooks Automation by 372.1% during the 4th quarter. LS Investment Advisors LLC now owns 11,245 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 8,863 shares during the period. Sigma Planning Corp bought a new position in shares of Brooks Automation during the 3rd quarter valued at $304,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Brooks Automation by 143.0% during the 3rd quarter. Quantbot Technologies LP now owns 11,655 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 6,859 shares during the period. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
In other Brooks Automation news, insider David C. Gray sold 7,000 shares of the stock in a transaction on Friday, March 9th. The stock was 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 in the company, valued at approximately $2,651,357.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Pietrantoni sold 7,575 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.89, for a total value of $203,691.75. Following the completion of the sale, the insider now owns 60,142 shares of the company’s stock, valued at approximately $1,617,218.38. The disclosure for this sale can be found here. Insiders sold a total of 45,811 shares of company stock valued at $1,293,672 in the last quarter. 2.36% of the stock is currently owned by company insiders.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The company had revenue of $189.33 million for the quarter, compared to analysts’ expectations of $184.48 million. During the same period last year, the firm earned $0.25 EPS. Brooks Automation’s revenue for the quarter was up 18.4% compared to the same quarter last year. analysts anticipate that Brooks Automation, Inc will post 1.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. Brooks Automation’s dividend payout ratio is currently 43.01%.
Several research firms have recently weighed in on BRKS. Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley raised their target price on Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. BidaskClub cut Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Stephens reaffirmed a “buy” rating and issued a $36.00 target price on shares of Brooks Automation in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.88.
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Brooks Automation Company Profile
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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