BNP Paribas Arbitrage SA decreased its position in shares of Brooks Automation Inc. (NASDAQ:BRKS) by 51.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,444 shares of the company’s stock after selling 10,963 shares during the period. BNP Paribas Arbitrage SA’s holdings in Brooks Automation were worth $142,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in Brooks Automation during the first quarter worth $13,905,000. Deprince Race & Zollo Inc. bought a new position in Brooks Automation during the second quarter worth $8,793,000. Boston Partners boosted its position in Brooks Automation by 58.8% in the second quarter. Boston Partners now owns 1,715,535 shares of the company’s stock worth $19,248,000 after buying an additional 634,989 shares during the last quarter. Vanguard Group Inc. boosted its position in Brooks Automation by 5.1% in the second quarter. Vanguard Group Inc. now owns 5,496,910 shares of the company’s stock worth $61,675,000 after buying an additional 269,175 shares during the last quarter. Finally, Granahan Investment Management Inc. MA boosted its position in Brooks Automation by 7.8% in the first quarter. Granahan Investment Management Inc. MA now owns 2,849,214 shares of the company’s stock worth $29,632,000 after buying an additional 206,530 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brooks Automation Inc. (NASDAQ:BRKS) opened at 13.26 on Wednesday. Brooks Automation Inc. has a 1-year low of $8.33 and a 1-year high of $13.96. The company’s market cap is $876.75 million. The firm has a 50-day moving average price of $13.09 and a 200-day moving average price of $11.59.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $147.53 million for the quarter, compared to analyst estimates of $144.40 million. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. On average, equities analysts expect that Brooks Automation Inc. will post $0.40 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, August 31st. Brooks Automation’s dividend payout ratio (DPR) is -37.38%.
A number of research analysts recently commented on BRKS shares. Needham & Company LLC boosted their price target on Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Janney Montgomery Scott started coverage on Brooks Automation in a report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, June 17th. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Finally, Citigroup Inc. lowered their price target on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating on the stock in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.85.
In related news, insider David C. Gray sold 6,441 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $12.74, for a total transaction of $82,058.34. Following the sale, the insider now directly owns 138,834 shares of the company’s stock, valued at $1,768,745.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William T. Montone sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $12.08, for a total value of $60,400.00. Following the sale, the senior vice president now directly owns 206,532 shares in the company, valued at $2,494,906.56. The disclosure for this sale can be found here. Corporate insiders own 2.15% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
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