David Jarzynka Sells 10,000 Shares of Brooks Automation, Inc (BRKS) Stock
Brooks Automation, Inc (NASDAQ:BRKS) VP David Jarzynka sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total value of $231,200.00. Following the completion of the transaction, the vice president now directly owns 30,638 shares in the company, valued at $708,350.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
David Jarzynka also recently made the following trade(s):
- On Monday, November 6th, David Jarzynka sold 2,476 shares of Brooks Automation stock. The stock was sold at an average price of $33.80, for a total value of $83,688.80.
Shares of Brooks Automation, Inc (NASDAQ:BRKS) opened at $24.40 on Friday. Brooks Automation, Inc has a 12 month low of $16.38 and a 12 month high of $34.77. The stock has a market capitalization of $1,679.67, a price-to-earnings ratio of 21.72 and a beta of 0.93.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million during the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. Brooks Automation’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. analysts expect that Brooks Automation, Inc will post 1.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Brooks Automation’s payout ratio is 44.44%.
A number of equities analysts recently commented on the company. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. B. Riley reiterated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a research note on Monday, November 13th. Needham & Company LLC lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. They noted that the move was a valuation call. Stifel Nicolaus increased their price target on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Citigroup increased their price target on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $31.57.
Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Brooks Automation during the second quarter valued at about $104,000. Advisor Group Inc. purchased a new position in shares of Brooks Automation during the second quarter valued at about $122,000. Riverhead Capital Management LLC grew its position in shares of Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Brooks Automation by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Brooks Automation by 49.3% during the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.
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.
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