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 firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $16.67, for a total value of $166,700.00. Following the completion of the transaction, the chief executive officer now owns 654,339 shares in the company, valued at approximately $10,907,831.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stephen S. Schwartz also recently made the following trade(s):
- On Monday, November 21st, Stephen S. Schwartz sold 10,000 shares of Brooks Automation stock. The stock was sold at an average price of $15.81, for a total value of $158,100.00.
Brooks Automation Inc. (NASDAQ:BRKS) opened at 16.30 on Thursday. Brooks Automation Inc. has a 12-month low of $8.33 and a 12-month high of $16.81. The stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $12.61. The company’s market cap is $1.08 billion.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $145.77 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Brooks Automation Inc. will post $0.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Brooks Automation’s payout ratio is presently -39.22%.
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Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of Brooks Automation by 15.9% in the second quarter. Teacher Retirement System of Texas now owns 9,545 shares of the company’s stock worth $107,000 after buying an additional 1,313 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Brooks Automation during the second quarter worth about $114,000. SG Americas Securities LLC purchased a new position in shares of Brooks Automation during the third quarter worth about $114,000. Paloma Partners Management Co purchased a new position in shares of Brooks Automation during the second quarter worth about $139,000. Finally, Genesee Valley Trust Co. boosted its position in shares of Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock worth $143,000 after buying an additional 1,000 shares during the last quarter. 92.93% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on BRKS. B. Riley restated a “buy” rating and set a $16.00 target price on shares of Brooks Automation in a report on Monday, November 7th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Brooks Automation in a report on Wednesday. Zacks Investment Research upgraded Brooks Automation from a “sell” rating to a “hold” rating in a report on Monday, August 8th. TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Finally, Janney Montgomery Scott began coverage on Brooks Automation in a report on Tuesday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Brooks Automation has an average rating of “Buy” and an average target price of $16.05.
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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