State Street Corp boosted its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,046,699 shares of the semiconductor company’s stock after buying an additional 9,916 shares during the quarter. State Street Corp owned 2.83% of Brooks Automation worth $75,789,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BRKS. FMR LLC boosted its position in shares of Brooks Automation by 226.6% in the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after buying an additional 969,851 shares in the last quarter. Strs Ohio lifted its holdings in shares of Brooks Automation by 500.0% in the second quarter. Strs Ohio now owns 4,800 shares of the semiconductor company’s stock valued at $186,000 after purchasing an additional 4,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Brooks Automation in the second quarter valued at about $412,000. UMB Bank N A MO acquired a new stake in shares of Brooks Automation in the second quarter valued at approximately $202,000. Finally, Aperio Group LLC grew its position in shares of Brooks Automation by 19.7% in the second quarter. Aperio Group LLC now owns 35,360 shares of the semiconductor company’s stock valued at $1,370,000 after purchasing an additional 5,829 shares during the last quarter.
In other Brooks Automation news, SVP Jason Joseph sold 5,478 shares of Brooks Automation stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $42.50, for a total value of $232,815.00. Following the completion of the sale, the senior vice president now directly owns 77,352 shares of the company’s stock, valued at approximately $3,287,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen S. Schwartz sold 108,391 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $4,904,692.75. Following the completion of the transaction, the chief executive officer now owns 714,871 shares of the company’s stock, valued at $32,347,912.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,648 shares of company stock worth $9,882,176. 2.45% of the stock is owned by company insiders.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $200.23 million during the quarter, compared to the consensus estimate of $195.38 million. Brooks Automation had a net margin of 55.99% and a return on equity of 6.67%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities research analysts forecast that Brooks Automation, Inc will post 1.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 5th. Brooks Automation’s payout ratio is 51.95%.
Several research analysts recently issued reports on BRKS shares. BidaskClub downgraded Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of Brooks Automation in a research note on Friday, August 23rd. Citigroup cut Brooks Automation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $44.00 to $42.00 in a report on Monday, September 23rd. B. Riley set a $47.00 price target on Brooks Automation and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Zacks Investment Research cut Brooks Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.20.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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