Brooks Automation, Inc. (BRKS) Insider David Pietrantoni Sells 3,071 Shares of Stock
Brooks Automation, Inc. (NASDAQ:BRKS) insider David Pietrantoni sold 3,071 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total value of $87,677.05. Following the transaction, the insider now directly owns 70,964 shares in the company, valued at $2,026,022.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Brooks Automation, Inc. (NASDAQ BRKS) opened at $26.80 on Tuesday. The firm has a market capitalization of $1,870.00, a price-to-earnings ratio of 23.90 and a beta of 1.06. Brooks Automation, Inc. has a 12 month low of $14.80 and a 12 month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The company had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. analysts predict that Brooks Automation, Inc. will post 1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.49%. Brooks Automation’s payout ratio is 44.94%.
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Several research firms have recently issued reports on BRKS. B. Riley reissued a “buy” rating and set a $34.00 target price on shares of Brooks Automation in a research note on Monday. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup Inc. boosted their target price on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their target price on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Brooks Automation in a research note on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Brooks Automation has an average rating of “Hold” and an average price target of $31.57.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after purchasing an additional 8,652,867 shares during the period. Vanguard Group Inc. grew its stake in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after purchasing an additional 392,115 shares during the period. Bank of New York Mellon Corp grew its stake in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after purchasing an additional 489,434 shares during the period. Boston Partners grew its stake in Brooks Automation by 3.0% in the third quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after purchasing an additional 56,126 shares during the period. Finally, State Street Corp grew its stake in Brooks Automation by 2.2% in the second quarter. State Street Corp now owns 1,673,763 shares of the semiconductor company’s stock worth $36,310,000 after purchasing an additional 36,513 shares during the period. 90.56% of the stock is currently owned by institutional investors.
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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