Marshall Wace North America L.P. Invests $699,000 in Brooks Automation, Inc. (BRKS) Stock
Marshall Wace North America L.P. acquired a new position in Brooks Automation, Inc. (NASDAQ:BRKS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,767 shares of the semiconductor company’s stock, valued at approximately $699,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Neuburgh Advisers LLC increased its holdings in Brooks Automation by 29.3% in the 1st quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,156 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Brooks Automation in the 1st quarter worth about $127,000. SG Americas Securities LLC purchased a new stake in Brooks Automation in the 1st quarter worth about $165,000. First Quadrant L P CA purchased a new stake in Brooks Automation in the 2nd quarter worth about $201,000. Finally, Amalgamated Bank purchased a new stake in Brooks Automation in the 1st quarter worth about $206,000. 90.44% of the stock is owned by institutional investors.
Brooks Automation, Inc. (NASDAQ:BRKS) opened at 26.84 on Tuesday. Brooks Automation, Inc. has a 12-month low of $12.22 and a 12-month high of $30.23. The firm’s 50-day moving average price is $25.10 and its 200-day moving average price is $24.38. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 33.59 and a beta of 1.07.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, equities analysts predict that Brooks Automation, Inc. will post $1.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s payout ratio is 50.00%.
Several equities research analysts recently weighed in on BRKS shares. BidaskClub lowered Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Credit Suisse Group reissued a “hold” rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday, August 3rd. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Friday, August 4th. Finally, ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.43.
Brooks Automation Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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