Insider Selling: Brooks Automation Inc. (BRKS) CEO Sells $150,000.00 in Stock
Brooks Automation Inc. (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 10,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the sale, the chief executive officer now owns 747,688 shares in the company, valued at $11,215,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Brooks Automation Inc. (NASDAQ:BRKS) opened at 15.38 on Thursday. The stock’s market capitalization is $1.02 billion. Brooks Automation Inc. has a 52-week low of $8.33 and a 52-week high of $15.78. The company’s 50-day moving average price is $13.60 and its 200 day moving average price is $12.22.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. Brooks Automation had a positive return on equity of 5.75% and a negative net margin of 12.40%. The business earned $157.55 million during the quarter, compared to analyst estimates of $145.77 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts forecast that Brooks Automation Inc. will post $0.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.60%. Brooks Automation’s dividend payout ratio (DPR) is presently -39.22%.
Several hedge funds and other institutional investors have recently made changes to their positions in BRKS. Wellington Management Group LLP acquired a new position in shares of Brooks Automation during the first quarter valued at about $13,905,000. Deprince Race & Zollo Inc. acquired a new position in shares of Brooks Automation during the second quarter valued at about $8,793,000. Boston Partners raised its position in shares of Brooks Automation by 58.8% in the second quarter. Boston Partners now owns 1,715,535 shares of the company’s stock valued at $19,248,000 after buying an additional 634,989 shares during the period. Lazard Asset Management LLC raised its position in shares of Brooks Automation by 139.1% in the third quarter. Lazard Asset Management LLC now owns 683,755 shares of the company’s stock valued at $9,305,000 after buying an additional 397,834 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Brooks Automation by 8.7% in the third quarter. BlackRock Fund Advisors now owns 4,825,649 shares of the company’s stock valued at $65,677,000 after buying an additional 385,131 shares during the period. Institutional investors and hedge funds own 91.48% of the company’s stock.
Several analysts have issued reports on BRKS shares. Citigroup Inc. upgraded Brooks Automation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.50 to $16.50 in a research note on Wednesday, October 12th. Needham & Company LLC boosted their price objective on Brooks Automation from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, July 29th. B. Riley reiterated a “buy” rating and set a $16.00 price objective on shares of Brooks Automation in a research note on Wednesday, August 3rd. Zacks Investment Research lowered Brooks Automation from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Finally, TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.72.
About Brooks Automation
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
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