The Manufacturers Life Insurance Company raised its holdings in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,304 shares of the semiconductor company’s stock after purchasing an additional 1,200 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Brooks Automation worth $1,156,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in Brooks Automation during the 2nd quarter valued at $1,376,000. California Public Employees Retirement System boosted its stake in Brooks Automation by 4.7% during the 2nd quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock valued at $3,364,000 after purchasing an additional 6,900 shares during the last quarter. AHL Partners LLP boosted its stake in Brooks Automation by 259.3% during the 2nd quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock valued at $2,627,000 after purchasing an additional 87,384 shares during the last quarter. Credit Suisse AG boosted its stake in Brooks Automation by 53.3% during the 1st quarter. Credit Suisse AG now owns 169,734 shares of the semiconductor company’s stock valued at $3,802,000 after purchasing an additional 58,983 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.
Several analysts have commented on BRKS shares. BidaskClub downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. increased their target price on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Credit Suisse Group reissued a “hold” rating and set a $26.00 price target on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Needham & Company LLC cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Brooks Automation currently has a consensus rating of “Hold” and a consensus price target of $31.57.
Brooks Automation, Inc. (NASDAQ BRKS) opened at $26.29 on Friday. The firm has a market capitalization of $1,833.96, a price-to-earnings ratio of 23.90 and a beta of 1.06. Brooks Automation, Inc. has a twelve month low of $14.18 and a twelve month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. equities analysts anticipate that Brooks Automation, Inc. will post 1.42 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. Brooks Automation’s dividend payout ratio is currently 44.44%.
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In related news, VP David Jarzynka sold 2,476 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $83,688.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William T. Montone sold 2,257 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $76,286.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,784 shares of company stock worth $668,699. 2.24% of the stock is owned by insiders.
Brooks Automation 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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