William T. Montone Sells 12,500 Shares of Brooks Automation, Inc. (BRKS) Stock
Brooks Automation, Inc. (NASDAQ:BRKS) SVP William T. Montone sold 12,500 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $17.09, for a total transaction of $213,625.00. Following the sale, the senior vice president now owns 151,756 shares in the company, valued at $2,593,510.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Brooks Automation, Inc. (NASDAQ:BRKS) opened at 17.29 on Friday. The firm has a 50-day moving average of $16.68 and a 200-day moving average of $13.74. Brooks Automation, Inc. has a 12-month low of $8.33 and a 12-month high of $17.98. The stock’s market capitalization is $1.15 billion.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, November 10th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.07. Brooks Automation had a positive return on equity of 5.79% and a negative net margin of 12.40%. The firm had revenue of $157.55 million for the quarter, compared to analyst estimates of $145.77 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that Brooks Automation, Inc. will post $0.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.31%. The ex-dividend date was Wednesday, November 30th. Brooks Automation’s dividend payout ratio is presently -39.22%.
Several equities research analysts have commented on the stock. B. Riley restated a “buy” rating and set a $16.00 target price on shares of Brooks Automation in a research report on Monday, November 7th. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Brooks Automation in a research report on Wednesday, November 30th. Credit Suisse Group upgraded shares of Brooks Automation from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $17.00 in a research report on Monday, January 9th. Finally, Citigroup Inc. upgraded shares of Brooks Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.50 to $16.50 in a research report on Wednesday, October 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.93.
A number of large investors have recently modified their holdings of the company. Deprince Race & Zollo Inc. acquired a new position in shares of Brooks Automation during the second quarter worth approximately $8,793,000. Lazard Asset Management LLC raised its position in shares of Brooks Automation by 139.1% in the third quarter. Lazard Asset Management LLC now owns 683,755 shares of the company’s stock worth $9,305,000 after buying an additional 397,834 shares during the period. BlackRock Fund Advisors raised its position in shares of Brooks Automation by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,825,649 shares of the company’s stock worth $65,677,000 after buying an additional 385,131 shares during the period. Chartwell Investment Partners LLC acquired a new position in shares of Brooks Automation during the third quarter worth approximately $3,880,000. Finally, Vanguard Group Inc. raised its position in shares of Brooks Automation by 5.1% in the second quarter. Vanguard Group Inc. now owns 5,496,910 shares of the company’s stock worth $61,675,000 after buying an additional 269,175 shares during the period. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through 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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