PNC Financial Services Group Inc. reduced its position in Brooks Automation Inc. (NASDAQ:BRKS) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 17,099 shares of the company’s stock after selling 175 shares during the period. PNC Financial Services Group Inc.’s holdings in Brooks Automation were worth $191,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Brooks Automation during the first quarter worth $155,000. TIAA CREF Investment Management LLC raised its stake in Brooks Automation by 24.2% in the first quarter. TIAA CREF Investment Management LLC now owns 274,917 shares of the company’s stock worth $2,859,000 after buying an additional 53,483 shares during the last quarter. Prudential Financial Inc. raised its stake in Brooks Automation by 28.9% in the first quarter. Prudential Financial Inc. now owns 228,968 shares of the company’s stock worth $2,382,000 after buying an additional 51,400 shares during the last quarter. Franklin Resources Inc. raised its stake in Brooks Automation by 24.4% in the first quarter. Franklin Resources Inc. now owns 969,000 shares of the company’s stock worth $10,078,000 after buying an additional 190,000 shares during the last quarter. Finally, BlackRock Group LTD raised its stake in Brooks Automation by 6.2% in the first quarter. BlackRock Group LTD now owns 100,941 shares of the company’s stock worth $1,050,000 after buying an additional 5,930 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Shares of Brooks Automation Inc. (NASDAQ:BRKS) traded up 1.32% during midday trading on Thursday, reaching $13.77. The company had a trading volume of 94,162 shares. The company’s 50 day moving average price is $12.98 and its 200-day moving average price is $11.48. The company’s market capitalization is $910.47 million. Brooks Automation Inc. has a 52 week low of $8.33 and a 52 week high of $13.96.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The company 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 firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities research analysts predict that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, August 31st. Brooks Automation’s dividend payout ratio (DPR) is presently -37.38%.
BRKS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. B. Riley restated a “buy” rating and set a $16.00 price target on shares of Brooks Automation in a research note on Friday, July 29th. Needham & Company LLC raised their price target on Brooks Automation from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, July 29th. TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, Citigroup Inc. cut their price target on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating on the stock in a research note on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.85.
In other news, VP Jason Joseph sold 4,000 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $13.00, for a total value of $52,000.00. Following the transaction, the vice president now owns 165,755 shares of the company’s stock, valued at approximately $2,154,815. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William T. Montone sold 5,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $12.08, for a total value of $60,400.00. Following the completion of the transaction, the senior vice president now directly owns 206,532 shares in the company, valued at approximately $2,494,906.56. The disclosure for this sale can be found here. 2.15% of the stock is owned by insiders.
Brooks Automation Company Profile
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.
Want to see what other hedge funds are holding BRKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brooks Automation Inc. (NASDAQ:BRKS).
Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.