Alfred Woollacott III Sells 10,000 Shares of Brooks Automation Inc. (BRKS) Stock
Brooks Automation Inc. (NASDAQ:BRKS) Director Alfred Woollacott III sold 10,000 shares of Brooks Automation stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $16.41, for a total value of $164,100.00. Following the completion of the transaction, the director now directly owns 77,138 shares of the company’s stock, valued at $1,265,834.58. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brooks Automation Inc. (NASDAQ:BRKS) opened at 16.53 on Thursday. The stock’s market cap is $1.09 billion. Brooks Automation Inc. has a 52 week low of $8.33 and a 52 week high of $16.57. The stock has a 50 day moving average price of $13.96 and a 200-day moving average price of $12.46.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results 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 negative net margin of 12.40% and a positive return on equity of 5.75%. The company earned $157.55 million during the quarter, compared to the consensus estimate of $145.77 million. During the same period in the prior year, the firm earned $0.17 earnings per share. Brooks Automation’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Brooks Automation Inc. will post $0.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Wednesday, November 30th. Brooks Automation’s payout ratio is currently -39.22%.
A number of institutional investors have recently added to or reduced their stakes in BRKS. Wellington Management Group LLP bought a new position in Brooks Automation during the first quarter worth about $13,905,000. Deprince Race & Zollo Inc. bought a new position in Brooks Automation during the second quarter worth about $8,793,000. Boston Partners increased its position in 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 last quarter. Lazard Asset Management LLC increased its position in 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 last quarter. Finally, BlackRock Fund Advisors increased its position in 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 last quarter. 91.41% of the stock is owned by institutional investors.
Several brokerages have recently commented on BRKS. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Brooks Automation in a research note 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 target for the company in a research note on Friday, November 11th. Citigroup Inc. upgraded Brooks Automation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.50 to $16.50 in a research note on Wednesday, October 12th. Needham & Company LLC lifted their price target on Brooks Automation from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, July 29th. 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 assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average 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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