Hodges Capital Management Inc. reduced its position in Brooks Automation, Inc (NASDAQ:BRKS) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 359,040 shares of the semiconductor company’s stock after selling 2,560 shares during the quarter. Hodges Capital Management Inc.’s holdings in Brooks Automation were worth $10,531,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BRKS. Oregon Public Employees Retirement Fund acquired a new position in Brooks Automation in the 4th quarter valued at $27,000. First Manhattan Co. acquired a new position in Brooks Automation in the 4th quarter valued at $47,000. First Mercantile Trust Co. increased its stake in Brooks Automation by 19.5% in the 4th quarter. First Mercantile Trust Co. now owns 3,430 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 560 shares during the period. Bank of Montreal Can increased its stake in Brooks Automation by 22.3% in the 4th quarter. Bank of Montreal Can now owns 4,150 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 757 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Brooks Automation by 25.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,541 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 1,324 shares during the period. 98.54% of the stock is currently owned by institutional investors.
BRKS has been the topic of a number of recent analyst reports. BidaskClub raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Brooks Automation from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Brooks Automation presently has an average rating of “Buy” and an average price target of $37.00.
Shares of NASDAQ:BRKS traded down $0.36 on Monday, reaching $30.96. 216,705 shares of the company were exchanged, compared to its average volume of 599,465. The company has a quick ratio of 2.15, a current ratio of 2.73 and a debt-to-equity ratio of 0.73. Brooks Automation, Inc has a 1-year low of $23.02 and a 1-year high of $39.75. The stock has a market cap of $2.22 billion, a PE ratio of 48.38 and a beta of 1.31.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Brooks Automation had a net margin of 14.86% and a return on equity of 11.80%. The business had revenue of $179.37 million for the quarter, compared to analysts’ expectations of $174.46 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities analysts anticipate that Brooks Automation, Inc will post 0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.29%. Brooks Automation’s dividend payout ratio (DPR) is presently 62.50%.
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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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