Brooks Automation (NASDAQ:BRKS) insider Maurice H. Tenney sold 8,969 shares of Brooks Automation stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $29.80, for a total transaction of $267,276.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of BRKS traded down $0.68 during trading hours on Friday, reaching $29.02. 595,551 shares of the company traded hands, compared to its average volume of 759,449. The firm has a market capitalization of $2.09 billion, a PE ratio of 23.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.34 and a quick ratio of 2.54. Brooks Automation has a 12-month low of $21.61 and a 12-month high of $34.77.
Get Brooks Automation alerts:Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Tuesday, May 1st. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $207.26 million for the quarter, compared to analyst estimates of $199.44 million. Brooks Automation had a net margin of 15.55% and a return on equity of 15.97%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. research analysts anticipate that Brooks Automation will post 1.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, May 31st. Brooks Automation’s dividend payout ratio (DPR) is presently 32.26%.
Several research firms have issued reports on BRKS. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 17th. Janney Montgomery Scott set a $35.00 price target on shares of Brooks Automation and gave the stock a “buy” rating in a report on Tuesday, January 23rd. B. Riley lifted their price target on shares of Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Stephens reissued a “buy” rating and set a $36.00 price objective on shares of Brooks Automation in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.00.
Several institutional investors and hedge funds have recently made changes to their positions in BRKS. Two Sigma Investments LP lifted its position in Brooks Automation by 25.1% during the fourth quarter. Two Sigma Investments LP now owns 28,645 shares of the semiconductor company’s stock valued at $683,000 after purchasing an additional 5,750 shares during the period. Fox Run Management L.L.C. lifted its position in Brooks Automation by 336.2% during the fourth quarter. Fox Run Management L.L.C. now owns 60,201 shares of the semiconductor company’s stock valued at $1,436,000 after purchasing an additional 46,401 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in Brooks Automation during the fourth quarter valued at $1,939,000. Glenmede Trust Co. NA lifted its position in Brooks Automation by 40.4% during the fourth quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock valued at $35,270,000 after purchasing an additional 425,807 shares during the period. Finally, Levin Capital Strategies L.P. acquired a new position in Brooks Automation during the fourth quarter valued at $226,000. 93.38% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum, and contamination controls solutions and services.
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