BlackRock Inc. lifted its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 8.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,707,904 shares of the semiconductor company’s stock after purchasing an additional 715,931 shares during the quarter. BlackRock Inc. owned about 0.14% of Brooks Automation worth $316,670,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake in Brooks Automation by 14.2% in the 2nd quarter. Systematic Financial Management LP now owns 303,716 shares of the semiconductor company’s stock valued at $9,907,000 after purchasing an additional 37,741 shares during the period. Engineers Gate Manager LP bought a new stake in Brooks Automation in the 2nd quarter valued at $600,000. Rice Hall James & Associates LLC boosted its stake in Brooks Automation by 461.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 372,485 shares of the semiconductor company’s stock valued at $12,150,000 after purchasing an additional 306,110 shares during the period. Principal Financial Group Inc. boosted its stake in Brooks Automation by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 568,039 shares of the semiconductor company’s stock valued at $15,383,000 after purchasing an additional 16,330 shares during the period. Finally, Boston Partners raised its holdings in Brooks Automation by 0.5% in the 2nd quarter. Boston Partners now owns 2,051,596 shares of the semiconductor company’s stock valued at $66,924,000 after acquiring an additional 10,215 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.
Shares of NASDAQ BRKS opened at $34.92 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 28.16 and a beta of 1.03. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Brooks Automation, Inc has a fifty-two week low of $21.75 and a fifty-two week high of $39.75.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Monday, August 6th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $223.48 million during the quarter, compared to analysts’ expectations of $218.98 million. Brooks Automation had a return on equity of 16.28% and a net margin of 15.40%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. equities research analysts forecast that Brooks Automation, Inc will post 1.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Brooks Automation’s dividend payout ratio (DPR) is currently 32.26%.
In other news, CFO Lindon G. Robertson sold 13,042 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $39.00, for a total transaction of $508,638.00. Following the completion of the transaction, the chief financial officer now owns 136,642 shares of the company’s stock, valued at approximately $5,329,038. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jason Joseph sold 1,965 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.00, for a total value of $74,670.00. Following the transaction, the vice president now directly owns 86,868 shares of the company’s stock, valued at approximately $3,300,984. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.
Several brokerages have weighed in on BRKS. BidaskClub cut Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, June 15th. B. Riley lifted their price objective on Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.14.
About Brooks Automation
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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