Bank of America Corp DE increased its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,454 shares of the semiconductor company’s stock after acquiring an additional 36,389 shares during the quarter. Bank of America Corp DE owned about 0.55% of Brooks Automation worth $12,703,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Systematic Financial Management LP boosted its holdings in Brooks Automation by 14.2% in the 2nd quarter. Systematic Financial Management LP now owns 303,716 shares of the semiconductor company’s stock valued at $9,907,000 after purchasing an additional 37,741 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Brooks Automation in the 2nd quarter valued at about $600,000. Alps Advisors Inc. acquired a new position in Brooks Automation in the 2nd quarter valued at about $418,000. Rice Hall James & Associates LLC boosted its holdings in Brooks Automation by 461.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 372,485 shares of the semiconductor company’s stock valued at $12,150,000 after purchasing an additional 306,110 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Brooks Automation by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 568,039 shares of the semiconductor company’s stock valued at $15,383,000 after purchasing an additional 16,330 shares during the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.
In other news, CFO Lindon G. Robertson sold 13,042 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total value of $508,638.00. Following the sale, the chief financial officer now directly owns 136,642 shares of the company’s stock, valued at approximately $5,329,038. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason Joseph sold 1,965 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now directly owns 86,868 shares in the company, valued at $3,300,984. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the stock. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Citigroup boosted their target price on shares of Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 13th. B. Riley boosted their target price on shares of Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Janney Montgomery Scott reiterated a “buy” rating and issued a $56.00 target price (up from $40.00) on shares of Brooks Automation in a report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Brooks Automation presently has a consensus rating of “Buy” and an average target price of $39.71.
Brooks Automation stock opened at $30.27 on Friday. The company has a market capitalization of $2.47 billion, a PE ratio of 24.41 and a beta of 1.05. Brooks Automation, Inc has a 1 year low of $21.75 and a 1 year high of $39.75. The company has a current ratio of 3.29, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $223.48 million for the quarter, compared to the consensus estimate of $218.98 million. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, research analysts forecast that Brooks Automation, Inc will post 1.55 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 6th. Brooks Automation’s dividend payout ratio (DPR) is 32.26%.
Brooks Automation Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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