HM Payson & Co. Buys Shares of 5,000 Brooks Automation, Inc. (NASDAQ:BRKS)


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HM Payson & Co. bought a new stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,000 shares of the semiconductor company’s stock, valued at approximately $339,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Front Row Advisors LLC lifted its position in Brooks Automation by 0.8% during the 3rd quarter. Front Row Advisors LLC now owns 21,240 shares of the semiconductor company’s stock valued at $1,551,000 after purchasing an additional 175 shares during the period. Cresset Asset Management LLC lifted its position in Brooks Automation by 5.6% during the 4th quarter. Cresset Asset Management LLC now owns 7,713 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 406 shares during the period. Sowell Financial Services LLC lifted its position in Brooks Automation by 25.3% during the 4th quarter. Sowell Financial Services LLC now owns 2,226 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 450 shares during the period. California State Teachers Retirement System lifted its position in Brooks Automation by 0.5% during the 3rd quarter. California State Teachers Retirement System now owns 110,023 shares of the semiconductor company’s stock valued at $5,090,000 after purchasing an additional 497 shares during the period. Finally, Assetmark Inc. acquired a new position in Brooks Automation during the 4th quarter valued at about $37,000. Institutional investors own 95.29% of the company’s stock.

BRKS opened at $96.68 on Thursday. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 109.86 and a beta of 1.97. The business’s 50-day moving average price is $84.10 and its two-hundred day moving average price is $70.39. Brooks Automation, Inc. has a 1 year low of $29.82 and a 1 year high of $101.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.08 and a quick ratio of 2.53.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Monday, February 1st. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. Brooks Automation had a return on equity of 7.95% and a net margin of 7.23%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $243.62 million. During the same quarter last year, the firm earned $0.23 EPS. Brooks Automation’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts anticipate that Brooks Automation, Inc. will post 1.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 4th. Brooks Automation’s dividend payout ratio is presently 31.75%.

A number of research analysts have issued reports on BRKS shares. B. Riley upped their target price on shares of Brooks Automation from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp increased their price target on shares of Brooks Automation from $99.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, February 10th. Citigroup increased their price target on shares of Brooks Automation from $65.00 to $90.00 in a research report on Monday, January 25th. Finally, Credit Suisse Group increased their price target on shares of Brooks Automation from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $80.33.

About Brooks Automation

Brooks Automation, Inc provides manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market worldwide. The company operates in three segments: Brooks Semiconductor Solutions Group, Brooks Life Sciences Services, and Brooks Life Sciences Products.

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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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