Bessemer Group Inc. cut its position in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 43.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,900 shares of the semiconductor company’s stock after selling 42,900 shares during the quarter. Bessemer Group Inc. owned about 0.08% of Brooks Automation worth $1,727,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BRKS. Quantbot Technologies LP acquired a new stake in shares of Brooks Automation during the second quarter worth $104,000. Advisor Group Inc. acquired a new stake in shares of Brooks Automation during the second quarter worth $122,000. Riverhead Capital Management LLC increased 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 worth $123,000 after buying an additional 1,897 shares during the period. Ameritas Investment Partners Inc. increased 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 worth $131,000 after buying an additional 348 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 2,072 shares during the period. Institutional investors own 90.56% of the company’s stock.
In other Brooks Automation news, VP David Jarzynka sold 2,476 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $83,688.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 661,852 shares in the company, valued at $18,895,874.60. The disclosure for this sale can be found here. Insiders sold 66,258 shares of company stock worth $1,995,532 over the last ninety days. Insiders own 2.24% of the company’s stock.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. During the same period last year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. equities analysts predict that Brooks Automation, Inc. will post 1.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is 44.44%.
A number of equities research analysts have commented on BRKS shares. Janney Montgomery Scott raised their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Stifel Nicolaus raised their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Needham & Company LLC restated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Finally, B. Riley restated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a report on Monday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.57.
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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