Lenox Wealth Management Inc. purchased a new position in shares of Brooks Automation, Inc (NASDAQ:BRKS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,394 shares of the semiconductor company’s stock, valued at approximately $310,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Brooks Automation by 226.6% in the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock valued at $40,999,000 after purchasing an additional 969,851 shares in the last quarter. Park National Corp OH purchased a new stake in Brooks Automation in the 2nd quarter valued at approximately $212,000. WINTON GROUP Ltd purchased a new stake in Brooks Automation in the 2nd quarter valued at approximately $3,069,000. Louisiana State Employees Retirement System boosted its holdings in Brooks Automation by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,900 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 400 shares in the last quarter. Finally, Penbrook Management LLC purchased a new stake in Brooks Automation in the 2nd quarter valued at approximately $323,000.
Shares of BRKS stock traded down $1.24 during midday trading on Friday, reaching $46.81. 781,800 shares of the company traded hands, compared to its average volume of 526,211. The firm’s 50 day simple moving average is $39.84 and its two-hundred day simple moving average is $37.34. The firm has a market cap of $3.22 billion, a PE ratio of 60.79 and a beta of 1.37. Brooks Automation, Inc has a 1-year low of $23.02 and a 1-year high of $50.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.01 and a quick ratio of 2.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. Brooks Automation’s dividend payout ratio (DPR) is presently 51.95%.
In other Brooks Automation news, SVP Jason Joseph sold 5,478 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $42.50, for a total transaction of $232,815.00. Following the completion of the transaction, the senior vice president now owns 77,352 shares in the company, valued at approximately $3,287,460. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Pietrantoni sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $44.00, for a total transaction of $146,652.00. Following the transaction, the insider now owns 32,435 shares of the company’s stock, valued at approximately $1,427,140. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,145 shares of company stock valued at $583,165. 2.45% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on BRKS shares. BidaskClub raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. TheStreet upgraded shares of Brooks Automation from a “c+” rating to a “b-” rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of Brooks Automation from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup downgraded shares of Brooks Automation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $42.00 in a research report on Monday, September 23rd. Finally, B. Riley lifted their price target on shares of Brooks Automation from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $42.67.
Brooks Automation Company Profile
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.
Read More: Why is total return important?
Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.