Brooks Automation, Inc. (NASDAQ:BRKS) insider David Pietrantoni sold 3,071 shares of the business’s 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 $87,677.05. Following the sale, the insider now owns 70,964 shares in the company, valued at approximately $2,026,022.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) opened at $27.01 on Wednesday. The stock has a market cap of $1,871.52, a price-to-earnings ratio of 24.36 and a beta of 1.06. Brooks Automation, Inc. has a 1-year low of $15.06 and a 1-year high of $34.77.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. Brooks Automation’s quarterly 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 predict that Brooks Automation, Inc. will post 1.33 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its holdings in Brooks Automation by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the semiconductor company’s stock valued at $616,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its stake in shares of Brooks Automation by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 36,293 shares of the semiconductor company’s stock valued at $787,000 after buying an additional 100 shares in the last quarter. Amalgamated Bank raised its stake in shares of Brooks Automation by 3.4% in the 2nd quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 313 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Brooks Automation by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 348 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of Brooks Automation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 50,847 shares of the semiconductor company’s stock valued at $1,103,000 after buying an additional 513 shares in the last quarter. 90.56% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on BRKS shares. B. Riley restated a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a report on Tuesday, August 8th. Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and boosted their price target for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Janney Montgomery Scott boosted their price target 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. ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. upped their price objective on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Brooks Automation presently has an average rating of “Hold” and a consensus price target of $31.57.
Brooks Automation Company 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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