G&S Capital LLC Invests $376,000 in Brooks Automation, Inc (BRKS)

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G&S Capital LLC purchased a new stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) in the third quarter, Holdings Channel reports. The firm purchased 10,746 shares of the semiconductor company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Systematic Financial Management LP grew its position in shares of Brooks Automation by 14.2% during 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 in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Brooks Automation during the 2nd quarter valued at $600,000. Alps Advisors Inc. purchased a new position in shares of Brooks Automation during the 2nd quarter valued at $418,000. Macquarie Group Ltd. grew its position in shares of Brooks Automation by 12.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,367,209 shares of the semiconductor company’s stock valued at $44,598,000 after purchasing an additional 150,684 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in shares of Brooks Automation by 461.2% during 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 in the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

In related news, VP Jason Joseph sold 1,965 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total value of $74,670.00. Following the completion of the transaction, the vice president now directly owns 86,868 shares in the company, valued at $3,300,984. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lindon G. Robertson sold 13,042 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 136,642 shares of the company’s stock, valued at $5,329,038. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.

BRKS has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. Janney Montgomery Scott restated a “buy” rating and set a $56.00 price target (up from $40.00) on shares of Brooks Automation in a research report on Tuesday, August 28th. Citigroup boosted their price target on shares of Brooks Automation from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, B. Riley boosted their price target on shares of Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.71.

Shares of NASDAQ:BRKS opened at $30.19 on Wednesday. Brooks Automation, Inc has a 52-week low of $21.75 and a 52-week high of $39.75. The firm has a market capitalization of $2.10 billion, a P/E ratio of 19.37 and a beta of 1.04. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The company had revenue of $223.48 million during the quarter, compared to analyst estimates of $218.98 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. Sell-side analysts predict that Brooks Automation, Inc will post 1.55 EPS for the current year.

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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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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