Advisors Asset Management Inc. acquired a new stake in Brooks Automation, Inc (NASDAQ:BRKS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 9,894 shares of the semiconductor company’s stock, valued at approximately $268,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Systematic Financial Management LP boosted its stake in shares of Brooks Automation by 14.2% in the second 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 period. Engineers Gate Manager LP purchased a new position in Brooks Automation in the second quarter worth approximately $600,000. Alps Advisors Inc. purchased a new position in Brooks Automation in the second quarter worth approximately $418,000. Rice Hall James & Associates LLC lifted its stake in Brooks Automation by 461.2% in the second quarter. Rice Hall James & Associates LLC now owns 372,485 shares of the semiconductor company’s stock worth $12,150,000 after acquiring an additional 306,110 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Brooks Automation by 12.4% in the second quarter. Macquarie Group Ltd. now owns 1,367,209 shares of the semiconductor company’s stock worth $44,598,000 after acquiring an additional 150,684 shares during the last quarter. 94.54% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on BRKS shares. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. B. Riley lifted their price target on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Finally, Citigroup lifted their price target on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.71.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Monday, August 6th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $223.48 million during 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 company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, equities research analysts forecast that Brooks Automation, Inc will post 1.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. Brooks Automation’s dividend payout ratio is presently 32.26%.
In other news, 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 owns 86,868 shares in the company, valued at approximately $3,300,984. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lindon G. Robertson sold 13,042 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $39.00, for a total transaction of $508,638.00. Following the sale, the chief financial officer now owns 136,642 shares of the company’s stock, valued at approximately $5,329,038. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.
Brooks Automation Company 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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