Bessemer Group Inc. Sells 26,800 Shares of Brooks Automation, Inc. (BRKS)
Bessemer Group Inc. cut its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 21.2% during the second quarter, Holdings Channel reports. The institutional investor owned 99,800 shares of the semiconductor company’s stock after selling 26,800 shares during the period. Bessemer Group Inc.’s holdings in Brooks Automation were worth $2,165,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Brooks Automation during the fourth quarter valued at about $2,345,000. Norges Bank acquired a new position in shares of Brooks Automation during the fourth quarter valued at about $10,381,000. Quadrature Capital Ltd acquired a new position in shares of Brooks Automation during the fourth quarter valued at about $306,000. Teachers Advisors LLC boosted its position in shares of Brooks Automation by 37.7% in the fourth quarter. Teachers Advisors LLC now owns 165,609 shares of the semiconductor company’s stock valued at $2,827,000 after buying an additional 45,298 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Brooks Automation by 7.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,075,645 shares of the semiconductor company’s stock valued at $18,361,000 after buying an additional 74,554 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.
Brooks Automation, Inc. (NASDAQ:BRKS) opened at 24.81 on Thursday. The stock has a 50 day moving average of $24.32 and a 200 day moving average of $23.49. The stock has a market capitalization of $1.73 billion, a P/E ratio of 31.05 and a beta of 1.03. Brooks Automation, Inc. has a 52-week low of $12.05 and a 52-week high of $30.23.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The business had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, equities research analysts forecast that Brooks Automation, Inc. will post $1.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio is 50.00%.
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BRKS has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Brooks Automation in a research note on Friday, April 28th. Needham & Company LLC lifted their price objective on shares of Brooks Automation from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Monday, May 1st. BidaskClub downgraded shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Brooks Automation currently has a consensus rating of “Buy” and a consensus price target of $27.43.
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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