Brooks Automation Inc. (NASDAQ:BRKS) insider David C. Gray sold 6,441 shares of the 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 owns 138,834 shares of the company’s stock, valued at approximately $1,768,745.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Brooks Automation Inc. (NASDAQ:BRKS) opened at 13.70 on Monday. The stock’s 50 day moving average price is $12.70 and its 200-day moving average price is $11.26. The stock’s market cap is $905.84 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 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 firm had revenue of $147.53 million for the quarter, compared to analyst estimates of $144.40 million. Brooks Automation had a negative net margin of 13.39% and a positive return on equity of 4.92%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Equities analysts expect that Brooks Automation Inc. will post $0.40 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.92%. 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 subject of a number of analyst reports. Needham & Company LLC increased their price target on Brooks Automation from $13.00 to $15.00 and gave the stock 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. Citigroup Inc. cut their price target on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating for the company in a research note on Monday, September 12th. Janney Montgomery Scott initiated coverage on Brooks Automation in a research note on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, June 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Brooks Automation currently has an average rating of “Hold” and a consensus price target of $13.85.
Large investors have recently made changes to their positions in the stock. Granahan Investment Management Inc. MA raised its stake in shares of 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 period. Kennedy Capital Management Inc. increased its position in Brooks Automation by 19.6% in the first quarter. Kennedy Capital Management Inc. now owns 348,387 shares of the company’s stock worth $3,623,000 after buying an additional 57,078 shares in the last quarter. Wellington Management Group LLP acquired a new position in Brooks Automation during the first quarter worth about $13,905,000. Geode Capital Management LLC increased its position in Brooks Automation by 3.2% in the first quarter. Geode Capital Management LLC now owns 453,365 shares of the company’s stock worth $4,714,000 after buying an additional 13,872 shares in the last quarter. Finally, Menta Capital LLC increased its position in Brooks Automation by 47.1% in the first quarter. Menta Capital LLC now owns 21,513 shares of the company’s stock worth $224,000 after buying an additional 6,888 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
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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