New York State Common Retirement Fund raised its position in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,498 shares of the semiconductor company’s stock after purchasing an additional 33,570 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of Brooks Automation worth $4,778,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BRKS. Mirae Asset Global Investments Co. Ltd. boosted its stake in Brooks Automation by 8,048.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802,329 shares of the semiconductor company’s stock valued at $63,132,000 after purchasing an additional 1,780,209 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Brooks Automation by 104,207.7% during the 3rd quarter. Federated Investors Inc. PA now owns 996,139 shares of the semiconductor company’s stock worth $34,895,000 after acquiring an additional 995,184 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Brooks Automation by 35.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,116,115 shares of the semiconductor company’s stock worth $81,580,000 after acquiring an additional 809,567 shares in the last quarter. FMR LLC bought a new stake in shares of Brooks Automation during the 3rd quarter worth $28,276,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Brooks Automation during the 4th quarter worth $27,000. 98.28% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on BRKS shares. B. Riley reduced their price objective on Brooks Automation from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Citigroup reduced their price objective on Brooks Automation from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research raised Brooks Automation from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $37.00.
In other news, VP Jason Joseph sold 3,000 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $33.50, for a total value of $100,500.00. Following the completion of the sale, the vice president now owns 91,014 shares in the company, valued at $3,048,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William T. Montone sold 7,500 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $32.50, for a total value of $243,750.00. Following the completion of the sale, the senior vice president now owns 116,040 shares of the company’s stock, valued at approximately $3,771,300. The disclosure for this sale can be found here. Insiders sold 23,704 shares of company stock valued at $767,482 in the last 90 days. Corporate insiders own 2.45% of the company’s stock.
BRKS opened at $30.62 on Friday. The firm has a market cap of $2.15 billion, a PE ratio of 47.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.73 and a quick ratio of 2.15. Brooks Automation, Inc has a fifty-two week low of $23.02 and a fifty-two week high of $39.75.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $179.37 million during the quarter, compared to analyst estimates of $174.46 million. Brooks Automation had a return on equity of 11.80% and a net margin of 14.86%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. Equities research analysts forecast that Brooks Automation, Inc will post 0.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. Brooks Automation’s payout ratio is currently 62.50%.
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About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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