Texas Permanent School Fund boosted its position in Brooks Automation, Inc (NASDAQ:BRKS) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 46,969 shares of the semiconductor company’s stock after buying an additional 2,523 shares during the period. Texas Permanent School Fund’s holdings in Brooks Automation were worth $1,230,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Brooks Automation by 8,048.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802,329 shares of the semiconductor company’s stock valued at $63,132,000 after buying an additional 1,780,209 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Brooks Automation by 104,207.7% during the 3rd quarter. Federated Investors Inc. PA now owns 996,139 shares of the semiconductor company’s stock valued at $34,895,000 after buying an additional 995,184 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Brooks Automation by 35.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,116,115 shares of the semiconductor company’s stock valued at $81,580,000 after buying an additional 809,567 shares during the last quarter. FMR LLC acquired a new stake in Brooks Automation during the 3rd quarter valued at $28,276,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Brooks Automation during the 4th quarter valued at $27,000. 98.28% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP William T. Montone sold 7,500 shares of Brooks Automation stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $32.50, for a total value of $243,750.00. Following the transaction, the senior vice president now owns 116,040 shares in the company, valued at $3,771,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William T. Montone sold 3,000 shares of Brooks Automation stock in a transaction on Friday, January 25th. The shares were sold at an average price of $30.50, for a total value of $91,500.00. Following the completion of the transaction, the senior vice president now owns 123,540 shares in the company, valued at approximately $3,767,970. The disclosure for this sale can be found here. Insiders sold 23,704 shares of company stock worth $767,482 in the last quarter. 2.45% of the stock is owned by insiders.
A number of brokerages have commented on BRKS. BidaskClub upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded Brooks Automation from a “strong sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. B. Riley decreased their price objective on Brooks Automation from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, Credit Suisse Group decreased their price objective on Brooks Automation from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.00.
Brooks Automation stock traded up $1.14 during midday trading on Friday, reaching $31.42. The stock had a trading volume of 8,321 shares, compared to its average volume of 635,649. Brooks Automation, Inc has a twelve month low of $23.02 and a twelve month high of $39.75. The stock has a market capitalization of $2.15 billion, a P/E ratio of 48.97 and a beta of 1.33. The company has a current ratio of 2.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.73.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Brooks Automation had a return on equity of 11.80% and a net margin of 14.86%. The firm had revenue of $179.37 million for the quarter, compared to analysts’ expectations of $174.46 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, sell-side analysts predict that Brooks Automation, Inc will post 0.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, February 28th. Brooks Automation’s payout ratio is currently 62.50%.
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Brooks Automation Company Profile
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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