Brooks Automation, Inc. (NASDAQ:BRKS) Position Lowered by First Manhattan Co.
First Manhattan Co. cut its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,260 shares of the semiconductor company’s stock after selling 28 shares during the period. First Manhattan Co.’s holdings in Brooks Automation were worth $330,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its position in Brooks Automation by 14.0% in the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 2,984 shares during the period. Suntrust Banks Inc. boosted its position in Brooks Automation by 454.5% in the first quarter. Suntrust Banks Inc. now owns 58,752 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 48,157 shares during the period. Fox Run Management L.L.C. bought a new position in Brooks Automation during the second quarter valued at about $1,421,000. Norges Bank bought a new position in Brooks Automation during the fourth quarter valued at about $10,381,000. Finally, Ameritas Investment Partners Inc. bought a new position in Brooks Automation during the first quarter valued at about $127,000. Institutional investors and hedge funds own 91.70% of the company’s stock.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) opened at 24.81 on Thursday. Brooks Automation, Inc. has a one year low of $12.05 and a one year high of $30.23. The company has a market capitalization of $1.73 billion, a PE ratio of 31.05 and a beta of 1.03. The company’s 50-day moving average is $24.32 and its 200-day moving average is $23.49.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. Brooks Automation’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities analysts predict that Brooks Automation, Inc. will post $1.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is 50.00%.
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Several research analysts have recently issued reports on BRKS shares. Needham & Company LLC increased their price objective on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 28th. BidaskClub cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a report on Monday, May 1st. Credit Suisse Group reiterated a “hold” rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and increased their price objective for the company from $22.00 to $32.00 in a report on Sunday. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Brooks Automation has a consensus rating of “Buy” and a consensus target price 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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