David Pietrantoni Sells 3,071 Shares of Brooks Automation, Inc. (BRKS) Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is presently 44.44%.

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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.

Insider Buying and Selling by Quarter for Brooks Automation (NASDAQ:BRKS)

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