Meeder Asset Management Inc. lifted its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 1,000.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 682 shares of the semiconductor company’s stock after buying an additional 620 shares during the period. Meeder Asset Management Inc.’s holdings in Brooks Automation were worth $65,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in BRKS. FMR LLC increased its holdings in shares of Brooks Automation by 226.6% during the first 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. Virginia Retirement Systems ET AL bought a new stake in shares of Brooks Automation in the first quarter worth $204,000. The Manufacturers Life Insurance Company grew its stake in shares of Brooks Automation by 182.9% in the first quarter. The Manufacturers Life Insurance Company now owns 122,404 shares of the semiconductor company’s stock worth $9,994,000 after purchasing an additional 79,137 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Brooks Automation by 10.7% in the first quarter. Commonwealth Equity Services LLC now owns 3,568 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 346 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Brooks Automation by 25.6% in the first quarter. Envestnet Asset Management Inc. now owns 196,306 shares of the semiconductor company’s stock worth $16,028,000 after purchasing an additional 40,043 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.
BRKS has been the topic of several analyst reports. KeyCorp boosted their price objective on shares of Brooks Automation from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 7th. Needham & Company LLC reissued a “buy” rating and issued a C$114.00 price objective on shares of Brooks Automation in a research note on Monday, August 23rd. Finally, Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Monday, August 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $93.56.
BRKS opened at $92.92 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.81. Brooks Automation, Inc. has a fifty-two week low of $43.14 and a fifty-two week high of $108.72. The firm has a market capitalization of $6.90 billion, a PE ratio of 58.44 and a beta of 1.92. The company’s 50-day moving average is $86.35 and its 200 day moving average is $90.70.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, August 4th. The semiconductor company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.03. The company had revenue of $315.35 million for the quarter, compared to analyst estimates of $308.47 million. Brooks Automation had a net margin of 10.74% and a return on equity of 13.38%. As a group, analysts expect that Brooks Automation, Inc. will post 2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $0.40 annualized dividend and a yield of 0.43%. Brooks Automation’s dividend payout ratio (DPR) is 31.75%.
Brooks Automation Profile
Brooks Automation, Inc engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following segments: Brooks Semiconductor Solutions Group and Brooks Life Sciences Products and Brooks Life Sciences Services.
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