California State Teachers Retirement System Trims Position in Brooks Automation, Inc (BRKS)
California State Teachers Retirement System decreased its holdings in Brooks Automation, Inc (NASDAQ:BRKS) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,155 shares of the semiconductor company’s stock after selling 11,757 shares during the quarter. California State Teachers Retirement System’s holdings in Brooks Automation were worth $3,344,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BRKS. Mesirow Financial Investment Management Equity Management purchased a new position in Brooks Automation during the 3rd quarter worth $15,902,000. Koch Industries Inc. purchased a new position in Brooks Automation during the 2nd quarter worth $391,000. Vanguard Group Inc. raised its position in Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after buying an additional 392,115 shares during the last quarter. Wells Fargo & Company MN raised its position in Brooks Automation by 101.4% during the 3rd quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock worth $17,899,000 after buying an additional 296,797 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Brooks Automation during the 3rd quarter worth $8,426,000. Institutional investors own 89.85% of the company’s stock.
A number of brokerages have commented on BRKS. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Janney Montgomery Scott upped their price objective on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Stifel Nicolaus increased their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Finally, B. Riley reiterated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.63.
In related news, SVP William T. Montone sold 2,257 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $76,286.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David Jarzynka sold 2,476 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $83,688.80. The disclosure for this sale can be found here. Insiders sold a total of 76,258 shares of company stock valued at $2,226,732 in the last quarter. Insiders own 2.36% of the company’s stock.
Brooks Automation, Inc (NASDAQ:BRKS) opened at $25.63 on Wednesday. The stock has a market cap of $1,810.00, a PE ratio of 28.80 and a beta of 0.93. Brooks Automation, Inc has a twelve month low of $16.74 and a twelve month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. analysts expect that Brooks Automation, Inc will post 1.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. Brooks Automation’s dividend payout ratio is presently 44.94%.
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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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