Brooks Automation, Inc (BRKS) Holdings Trimmed by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. lowered its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 106,900 shares of the semiconductor company’s stock after selling 24,100 shares during the period. Icon Advisers Inc. Co.’s holdings in Brooks Automation were worth $2,550,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of BRKS. Teacher Retirement System of Texas purchased a new position in shares of Brooks Automation in the 4th quarter valued at $566,000. Crossmark Global Holdings Inc. raised its stake in shares of Brooks Automation by 95.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 27,120 shares of the semiconductor company’s stock valued at $647,000 after acquiring an additional 13,223 shares during the period. TrueNorth Inc. purchased a new position in shares of Brooks Automation in the 4th quarter valued at $1,025,000. US Bancorp DE raised its stake in shares of Brooks Automation by 49.4% in the 4th 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 period. Finally, Boston Partners raised its stake in shares of Brooks Automation by 5.9% in the 4th 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 period. 88.94% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on BRKS. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, February 6th. Stephens reissued a “buy” rating and issued a $36.00 target price on shares of Brooks Automation in a research note on Friday, February 2nd. BidaskClub lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley raised their price target on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup raised their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.88.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million during the quarter, compared to analyst estimates of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. equities analysts anticipate that Brooks Automation, Inc will post 1.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s payout ratio is 43.01%.
In other Brooks Automation news, VP David Jarzynka sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total transaction of $231,200.00. Following the completion of the transaction, the vice president now directly owns 30,638 shares of the company’s stock, valued at approximately $708,350.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William T. Montone sold 8,024 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction of $224,672.00. Following the transaction, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at $3,733,100. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,236 shares of company stock valued at $1,119,020. Company insiders own 2.36% of the company’s stock.
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About Brooks Automation
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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