First Trust Advisors LP decreased its position in shares of Brooks Automation Inc. (NASDAQ:BRKS) by 58.6% during the second quarter, Holdings Channel reports. The firm owned 28,474 shares of the company’s stock after selling 40,349 shares during the period. First Trust Advisors LP’s holdings in Brooks Automation were worth $319,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Genesee Valley Trust Co. boosted its position in Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock worth $143,000 after buying an additional 1,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Brooks Automation during the first quarter worth $155,000. Quantitative Systematic Strategies LLC boosted its position in Brooks Automation by 7.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 15,700 shares of the company’s stock worth $172,000 after buying an additional 1,084 shares during the period. Boston Private Wealth LLC boosted its position in Brooks Automation by 16.6% in the second quarter. Boston Private Wealth LLC now owns 18,149 shares of the company’s stock worth $204,000 after buying an additional 2,590 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Brooks Automation by 116.6% in the second quarter. BNP Paribas Arbitrage SA now owns 21,407 shares of the company’s stock worth $240,000 after buying an additional 11,524 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.
Brooks Automation Inc. (NASDAQ:BRKS) traded up 0.60% during mid-day trading on Friday, reaching $13.43. 134,875 shares of the company were exchanged. The stock’s 50-day moving average price is $13.15 and its 200-day moving average price is $11.64. The stock’s market capitalization is $887.99 million. Brooks Automation Inc. has a 1-year low of $8.33 and a 1-year high of $13.96.
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 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, equities research analysts anticipate that Brooks Automation Inc. will post $0.40 EPS for the current fiscal year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.98%. Brooks Automation’s payout ratio is currently -37.38%.
A number of research firms have weighed in on BRKS. B. Riley reiterated a “buy” rating and set a $16.00 price objective on shares of Brooks Automation in a research report on Friday, July 29th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. upgraded shares of Brooks Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.50 to $16.50 in a research report on Wednesday. TheStreet upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Finally, Janney Montgomery Scott began coverage on shares of Brooks Automation in a research note on Tuesday, September 13th. They set a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $15.05.
In other Brooks Automation news, VP Jason Joseph sold 4,000 shares of the firm’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 completion of the sale, the vice president now directly owns 165,755 shares of the company’s stock, valued at approximately $2,154,815. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David C. Gray sold 6,441 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $12.74, for a total value of $82,058.34. Following the completion of the sale, the insider now directly owns 138,834 shares of the company’s stock, valued at $1,768,745.16. 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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