DF Dent & Co. Inc. lifted its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 4.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,985,066 shares of the semiconductor company’s stock after buying an additional 86,487 shares during the period. DF Dent & Co. Inc.’s holdings in Brooks Automation were worth $69,537,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Brooks Automation during the third quarter valued at approximately $104,000. Advisory Services Network LLC boosted its position in shares of Brooks Automation by 2,387.2% during the third quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 3,366 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Brooks Automation during the second quarter valued at approximately $138,000. D.A. Davidson & CO. purchased a new position in Brooks Automation in the third quarter worth $205,000. Finally, Cim LLC purchased a new position in Brooks Automation in the third quarter worth $207,000. 95.47% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on BRKS shares. Citigroup cut their price objective on Brooks Automation from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, November 21st. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Credit Suisse Group cut their price objective on Brooks Automation from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 20th. Finally, ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $37.00.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Monday, November 19th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.22). Brooks Automation had a return on equity of 13.78% and a net margin of 14.94%. The business had revenue of $160.00 million during the quarter, compared to analysts’ expectations of $206.00 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, research analysts predict that Brooks Automation, Inc will post 0.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Brooks Automation’s payout ratio is presently 62.50%.
In other Brooks Automation news, insider David C. Gray sold 34,153 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $30.36, for a total value of $1,036,885.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David C. Gray sold 1,933 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $31.77, for a total value of $61,411.41. Following the completion of the sale, the insider now owns 145,777 shares in the company, valued at $4,631,335.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,892 shares of company stock worth $7,665,790. Corporate insiders own 2.36% of the company’s stock.
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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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