ClariVest Asset Management LLC Purchases Shares of 196,000 Brooks Automation, Inc. (BRKS)
ClariVest Asset Management LLC purchased a new stake in Brooks Automation, Inc. (NASDAQ:BRKS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 196,000 shares of the semiconductor company’s stock, valued at approximately $4,252,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its position in Brooks Automation by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 98,402 shares of the semiconductor company’s stock valued at $2,203,000 after buying an additional 2,911 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Brooks Automation during the first quarter valued at $878,000. Jennison Associates LLC bought a new stake in Brooks Automation during the first quarter valued at $1,640,000. Wells Fargo & Company MN raised its stake in Brooks Automation by 6.8% in the first quarter. Wells Fargo & Company MN now owns 452,867 shares of the semiconductor company’s stock valued at $10,144,000 after buying an additional 28,720 shares in the last quarter. Finally, First Mercantile Trust Co. raised its stake in Brooks Automation by 26.2% in the first quarter. First Mercantile Trust Co. now owns 7,065 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 1,465 shares in the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.
Shares of Brooks Automation, Inc. (NASDAQ BRKS) opened at 25.25 on Tuesday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 31.60 and a beta of 1.03. The stock has a 50 day moving average of $24.28 and a 200 day moving average of $23.70. Brooks Automation, Inc. has a 1-year low of $12.05 and a 1-year high of $30.23.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Analysts predict that Brooks Automation, Inc. will post $1.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. Brooks Automation’s dividend payout ratio is presently 50.00%.
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Several analysts have recently weighed in on the stock. 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 research note on Monday, May 1st. B. Riley reiterated a “buy” rating and issued a $32.00 price objective on shares of Brooks Automation in a research note on Monday, June 12th. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Needham & Company LLC lifted their price objective on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, ValuEngine lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Brooks Automation presently has an average rating of “Buy” and an average price target 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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