Icon Advisers Inc. Co. acquired a new stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 131,000 shares of the semiconductor company’s stock, valued at approximately $3,977,000. Icon Advisers Inc. Co. owned approximately 0.19% of Brooks Automation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRKS. Quantbot Technologies LP purchased a new stake in Brooks Automation during the 2nd quarter valued at about $104,000. Advisor Group Inc. purchased a new stake in Brooks Automation during the 2nd quarter valued at about $122,000. Riverhead Capital Management LLC grew its stake in Brooks Automation by 49.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Brooks Automation by 6.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Brooks Automation by 49.3% during the 2nd quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 2,072 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

Several analysts recently issued reports on BRKS shares. Stifel Nicolaus upped their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Janney Montgomery Scott boosted their target price on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reiterated a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a report on Monday, November 13th. Finally, Citigroup Inc. boosted their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.57.

Brooks Automation, Inc. (BRKS) traded down $0.89 during trading hours on Thursday, reaching $28.02. 648,800 shares of the company’s stock traded hands, compared to its average volume of 680,958. The firm has a market cap of $2,032.62, a price-to-earnings ratio of 26.28 and a beta of 1.06. Brooks Automation, Inc. has a 12 month low of $15.34 and a 12 month high of $34.77.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates 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 for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. analysts forecast that Brooks Automation, Inc. will post 1.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued 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 yield of 1.43%. Brooks Automation’s dividend payout ratio (DPR) is presently 44.44%.

In other Brooks Automation news, CEO Stephen S. Schwartz sold 27,915 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $796,973.25. Following the sale, the chief executive officer now directly owns 661,852 shares in the company, valued at approximately $18,895,874.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jason Joseph sold 5,159 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the sale, the vice president now owns 104,699 shares in the company, valued at $2,989,156.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,258 shares of company stock worth $1,995,532. 2.24% of the stock is owned by company insiders.

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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.

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

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