Stephen S. Schwartz Sells 10,000 Shares of Brooks Automation Inc. (BRKS) Stock
Brooks Automation Inc. (NASDAQ:BRKS) CEO Stephen S. Schwartz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $15.81, for a total value of $158,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Brooks Automation Inc. (NASDAQ:BRKS) traded up 1.35% during trading on Tuesday, reaching $16.46. The company’s stock had a trading volume of 324,330 shares. The company’s 50-day moving average is $13.80 and its 200-day moving average is $12.38. The stock’s market cap is $1.09 billion. Brooks Automation Inc. has a 12 month low of $8.33 and a 12 month high of $16.57.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company earned $157.55 million during the quarter, compared to the consensus estimate of $145.77 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Brooks Automation Inc. will post $0.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.43%. Brooks Automation’s dividend payout ratio (DPR) is -39.22%.
Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP bought a new position in shares of Brooks Automation during the first quarter worth about $13,905,000. Deprince Race & Zollo Inc. bought a new position in shares of Brooks Automation during the second quarter worth about $8,793,000. Boston Partners increased 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 worth $19,248,000 after buying an additional 634,989 shares during the period. Lazard Asset Management LLC increased 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 worth $9,305,000 after buying an additional 397,834 shares during the period. Finally, BlackRock Fund Advisors increased 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 worth $65,677,000 after buying an additional 385,131 shares during the period. Institutional investors own 91.41% of the company’s stock.
Several equities analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Brooks Automation in a research report on Thursday, November 17th. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Friday, November 11th. Citigroup Inc. upgraded Brooks Automation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.50 to $16.50 in a research report 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 report on Friday, July 29th. Finally, TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One equities research 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 currently has a consensus rating of “Buy” and a consensus price target of $15.72.
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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.
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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