Stephen S. Schwartz Sells 94,826 Shares of Brooks Automation, Inc (BRKS) Stock

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Brooks Automation, Inc (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 94,826 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $30.93, for a total transaction of $2,932,968.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Brooks Automation stock traded down $0.37 during mid-day trading on Wednesday, reaching $28.62. The stock had a trading volume of 463,400 shares, compared to its average volume of 746,078. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 23.08 and a beta of 1.16. Brooks Automation, Inc has a one year low of $21.75 and a one year high of $39.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 2.48.

BRKS has been the topic of a number of research reports. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub cut shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Stephens reiterated a “buy” rating and issued a $35.00 price target on shares of Brooks Automation in a research note on Tuesday, August 7th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $56.00 price target (up previously from $40.00) on shares of Brooks Automation in a research note on Tuesday, August 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $40.00.

A number of institutional investors have recently made changes to their positions in BRKS. Mirae Asset Global Investments Co. Ltd. boosted its stake in Brooks Automation by 8,048.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802,329 shares of the semiconductor company’s stock worth $63,132,000 after purchasing an additional 1,780,209 shares in the last quarter. FMR LLC bought a new position in Brooks Automation in the 3rd quarter worth about $28,276,000. BlackRock Inc. boosted its stake in Brooks Automation by 8.0% in the 2nd quarter. BlackRock Inc. now owns 9,707,904 shares of the semiconductor company’s stock worth $316,670,000 after purchasing an additional 715,931 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in Brooks Automation by 56.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 1,281,487 shares of the semiconductor company’s stock worth $41,802,000 after purchasing an additional 460,024 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake 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 worth $12,150,000 after purchasing an additional 306,110 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

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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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