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%.

TRADEMARK VIOLATION NOTICE: “Brooks Automation, Inc. (BRKS) Insider David Pietrantoni Sells 3,071 Shares of Stock” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/brooks-automation-inc-brks-insider-david-pietrantoni-sells-3071-shares-of-stock/1702168.html.

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.

Insider Buying and Selling by Quarter for Brooks Automation (NASDAQ:BRKS)

Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.