California Public Employees Retirement System boosted its stake in Brooks Automation Inc. (NASDAQ:BRKS) by 2.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 178,500 shares of the company’s stock after buying an additional 5,100 shares during the period. California Public Employees Retirement System owned about 0.26% of Brooks Automation worth $2,003,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Genesee Valley Trust Co. boosted its stake in Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock valued at $143,000 after buying an additional 1,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Brooks Automation during the first quarter valued at $155,000. Quantitative Systematic Strategies LLC boosted its stake in Brooks Automation by 7.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 15,700 shares of the company’s stock valued at $172,000 after buying an additional 1,084 shares during the period. Boston Private Wealth LLC boosted its stake in Brooks Automation by 16.6% in the second quarter. Boston Private Wealth LLC now owns 18,149 shares of the company’s stock valued at $204,000 after buying an additional 2,590 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Brooks Automation by 116.6% in the second quarter. BNP Paribas Arbitrage SA now owns 21,407 shares of the company’s stock valued at $240,000 after buying an additional 11,524 shares during the period. Institutional investors own 92.11% of the company’s stock.
Brooks Automation Inc. (NASDAQ:BRKS) traded up 0.96% during trading on Thursday, hitting $13.72. The company’s stock had a trading volume of 105,787 shares. The firm has a 50 day moving average of $12.98 and a 200 day moving average of $11.48. The firm’s market cap is $907.17 million. Brooks Automation Inc. has a 12 month low of $8.33 and a 12 month high of $13.96.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The firm had revenue of $147.53 million for the quarter, compared to analysts’ expectations of $144.40 million. During the same quarter last year, the firm posted $0.15 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that Brooks Automation Inc. will post $0.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 2.94%. Brooks Automation’s payout ratio is currently -37.38%.
Several research firms have recently weighed in on BRKS. B. Riley restated a “buy” rating and set a $16.00 price target on shares of Brooks Automation in a report on Friday, July 29th. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Citigroup Inc. reduced 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. TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Finally, Janney Montgomery Scott initiated coverage on Brooks Automation in a report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Brooks Automation presently has an average rating of “Hold” and an average target price of $13.85.
In other Brooks Automation news, VP Jason Joseph sold 4,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $13.00, for a total value of $52,000.00. Following the sale, the vice president now owns 165,755 shares of the company’s stock, valued at approximately $2,154,815. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William T. Montone sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $12.50, for a total value of $62,500.00. Following the completion of the sale, the senior vice president now directly owns 201,532 shares in the company, valued at approximately $2,519,150. The disclosure for this sale can be found here. 2.15% of the stock is owned by company 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.
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