Comerica Bank reduced its position in Brooks Automation, Inc (NASDAQ:BRKS) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,907 shares of the semiconductor company’s stock after selling 2,968 shares during the period. Comerica Bank owned approximately 0.09% of Brooks Automation worth $2,643,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Brooks Automation by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 8,652 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 400 shares during the period. Louisiana State Employees Retirement System lifted its position in Brooks Automation by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 26,900 shares of the semiconductor company’s stock valued at $1,063,000 after buying an additional 400 shares in the last quarter. Mason Street Advisors LLC grew its stake in Brooks Automation by 2.2% during the first quarter. Mason Street Advisors LLC now owns 22,789 shares of the semiconductor company’s stock worth $668,000 after buying an additional 499 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Brooks Automation by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 28,297 shares of the semiconductor company’s stock worth $1,097,000 after buying an additional 500 shares during the period. Finally, Advisory Services Network LLC grew its stake in Brooks Automation by 75.0% during the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock worth $55,000 after buying an additional 619 shares during the period. 98.54% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Brooks Automation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. TheStreet cut shares of Brooks Automation from a “b-” rating to a “c+” rating in a research report on Tuesday, August 13th. Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of Brooks Automation in a report on Friday, August 23rd. B. Riley restated a “buy” rating and set a $47.00 price objective (down previously from $51.00) on shares of Brooks Automation in a research note on Friday, August 2nd. Finally, Zacks Investment Research downgraded Brooks Automation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Brooks Automation currently has a consensus rating of “Buy” and a consensus price target of $38.50.
NASDAQ BRKS opened at $37.71 on Wednesday. Brooks Automation, Inc has a 52 week low of $23.02 and a 52 week high of $42.25. The stock has a market cap of $2.58 billion, a P/E ratio of 51.77 and a beta of 1.39. The company has a current ratio of 3.01, a quick ratio of 2.41 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $34.09 and its 200-day simple moving average is $34.84.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. The firm had revenue of $203.88 million for the quarter, compared to analyst estimates of $205.14 million. During the same quarter in the previous year, the business posted $0.21 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, research analysts expect that Brooks Automation, Inc will post 0.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 5th. Brooks Automation’s dividend payout ratio (DPR) is 62.50%.
In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $41.00, for a total transaction of $136,653.00. Following the completion of the sale, the insider now owns 35,768 shares in the company, valued at approximately $1,466,488. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.45% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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