Brooks Automation, Inc (NASDAQ:BRKS) VP David Jarzynka sold 2,577 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $38.95, for a total value of $100,374.15. Following the completion of the transaction, the vice president now directly owns 92,894 shares of the company’s stock, valued at approximately $3,618,221.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ BRKS opened at $38.36 on Thursday. Brooks Automation, Inc has a 52 week low of $23.02 and a 52 week high of $40.21. The stock has a market cap of $2.82 billion, a PE ratio of 59.94 and a beta of 1.41. The company has a quick ratio of 2.25, a current ratio of 2.86 and a debt-to-equity ratio of 0.73.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. The firm had revenue of $198.00 million during the quarter, compared to analyst estimates of $193.24 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. Sell-side analysts forecast that Brooks Automation, Inc will post 0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, June 6th. Brooks Automation’s payout ratio is currently 62.50%.
A number of equities analysts have weighed in on BRKS shares. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Brooks Automation from a “strong sell” rating to a “hold” rating in a research report on Monday, February 4th. Stifel Nicolaus boosted their target price on Brooks Automation from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, ValuEngine raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and a consensus target price of $39.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of Brooks Automation during the 4th quarter valued at about $27,000. First Manhattan Co. bought a new position in shares of Brooks Automation during the 4th quarter valued at approximately $47,000. First Mercantile Trust Co. grew its stake in shares of Brooks Automation by 19.5% during the 4th quarter. First Mercantile Trust Co. now owns 3,430 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 560 shares during the period. Bank of Montreal Can grew its stake in shares of Brooks Automation by 22.3% during the 4th quarter. Bank of Montreal Can now owns 4,150 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 757 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Brooks Automation by 25.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,541 shares of the semiconductor company’s stock valued at $159,000 after acquiring an additional 1,324 shares during the period. 98.54% of the stock is owned by hedge funds and other institutional investors.
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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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