Brooks Automation, Inc (BRKS) CEO Sells $300,000.00 in Stock

Brooks Automation, Inc (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 10,000 shares of Brooks Automation stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of BRKS opened at $30.59 on Thursday. Brooks Automation, Inc has a 1-year low of $21.61 and a 1-year high of $34.77. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 24.67 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 3.34 and a debt-to-equity ratio of 0.28.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results 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. Brooks Automation had a net margin of 15.55% and a return on equity of 15.97%. The business had revenue of $207.26 million during the quarter, compared to analysts’ expectations of $199.44 million. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. equities research analysts predict that Brooks Automation, Inc will post 1.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 31st. Brooks Automation’s dividend payout ratio is presently 32.26%.

Several institutional investors and hedge funds have recently made changes to their positions in BRKS. Schwab Charles Investment Management Inc. increased its position in shares of Brooks Automation by 1.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 432,093 shares of the semiconductor company’s stock valued at $10,306,000 after acquiring an additional 5,933 shares during the last quarter. Strs Ohio increased its position in shares of Brooks Automation by 12.3% during the fourth quarter. Strs Ohio now owns 44,800 shares of the semiconductor company’s stock valued at $1,068,000 after acquiring an additional 4,900 shares during the last quarter. Jennison Associates LLC increased its position in shares of Brooks Automation by 441.6% during the fourth quarter. Jennison Associates LLC now owns 392,147 shares of the semiconductor company’s stock valued at $9,353,000 after acquiring an additional 319,747 shares during the last quarter. Boston Partners increased its position in shares of Brooks Automation by 5.9% during the fourth quarter. Boston Partners now owns 2,016,375 shares of the semiconductor company’s stock valued at $48,091,000 after acquiring an additional 112,101 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Brooks Automation by 49.4% during the fourth quarter. US Bancorp DE now owns 38,766 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 12,814 shares during the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. B. Riley lifted their target price on shares of Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Brooks Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Stephens reaffirmed a “buy” rating and set a $36.00 target price on shares of Brooks Automation in a research note on Friday, February 2nd. Finally, Credit Suisse Group reduced their target price on shares of Brooks Automation from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 2nd. One investment 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. Brooks Automation presently has an average rating of “Buy” and an average price target of $34.00.

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.

Insider Buying and Selling by Quarter for Brooks Automation (NASDAQ:BRKS)

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