First Trust Advisors LP boosted its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 29.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 103,073 shares of the semiconductor company’s stock after acquiring an additional 23,540 shares during the period. First Trust Advisors LP’s holdings in Brooks Automation were worth $3,362,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fox Run Management L.L.C. raised its position in Brooks Automation by 11.8% during the second quarter. Fox Run Management L.L.C. now owns 15,430 shares of the semiconductor company’s stock worth $503,000 after acquiring an additional 1,626 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Brooks Automation by 6.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 30,780 shares of the semiconductor company’s stock worth $834,000 after acquiring an additional 1,730 shares during the period. Comerica Bank raised its position in Brooks Automation by 2.9% during the first quarter. Comerica Bank now owns 74,308 shares of the semiconductor company’s stock worth $1,933,000 after acquiring an additional 2,125 shares during the period. OppenheimerFunds Inc. raised its position in Brooks Automation by 0.3% during the first quarter. OppenheimerFunds Inc. now owns 866,416 shares of the semiconductor company’s stock worth $23,463,000 after acquiring an additional 2,599 shares during the period. Finally, Boston Private Wealth LLC raised its position in Brooks Automation by 11.4% during the first quarter. Boston Private Wealth LLC now owns 26,693 shares of the semiconductor company’s stock worth $723,000 after acquiring an additional 2,721 shares during the period. Institutional investors own 94.64% of the company’s stock.

A number of research firms have weighed in on BRKS. BidaskClub cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. Citigroup upped their price objective on shares of Brooks Automation from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, July 13th. B. Riley upped their price objective on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday. Janney Montgomery Scott restated a “buy” rating and set a $56.00 price objective (up from $40.00) on shares of Brooks Automation in a research report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.14.

Shares of NASDAQ BRKS opened at $38.99 on Wednesday. The stock has a market capitalization of $2.78 billion, a PE ratio of 31.44 and a beta of 1.02. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Brooks Automation, Inc has a 52 week low of $21.75 and a 52 week high of $39.75.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Monday, August 6th. The semiconductor company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $223.48 million during the quarter, compared to analysts’ expectations of $218.98 million. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. equities research analysts predict that Brooks Automation, Inc will post 1.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, September 6th. Brooks Automation’s dividend payout ratio (DPR) is 32.26%.

In other news, VP Jason Joseph sold 15,609 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $35.10, for a total value of $547,875.90. Following the completion of the sale, the vice president now directly owns 100,226 shares in the company, valued at $3,517,932.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lindon G. Robertson sold 13,042 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total transaction of $508,638.00. Following the completion of the sale, the chief financial officer now owns 136,642 shares of the company’s stock, valued at $5,329,038. The disclosure for this sale can be found here. Insiders sold 50,292 shares of company stock valued at $1,806,168 over the last quarter. Company insiders own 2.36% of the company’s stock.

About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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