SG Americas Securities LLC Increases Holdings in Brooks Automation, Inc. (BRKS)
SG Americas Securities LLC boosted its position in Brooks Automation, Inc. (NASDAQ:BRKS) by 83.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,538 shares of the semiconductor company’s stock after purchasing an additional 6,150 shares during the period. SG Americas Securities LLC’s holdings in Brooks Automation were worth $294,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its position in Brooks Automation by 14.0% in the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 2,984 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Brooks Automation in the second quarter worth about $1,421,000. Ameritas Investment Partners Inc. purchased a new position in Brooks Automation in the first quarter worth about $127,000. California Public Employees Retirement System boosted its position in Brooks Automation by 19.7% in the first quarter. California Public Employees Retirement System now owns 148,200 shares of the semiconductor company’s stock worth $3,320,000 after purchasing an additional 24,400 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in Brooks Automation in the first quarter worth about $332,000. 90.44% of the stock is currently owned by institutional investors and hedge funds.
Brooks Automation, Inc. (NASDAQ BRKS) opened at 28.53 on Friday. The stock’s 50 day moving average price is $25.39 and its 200-day moving average price is $24.54. The stock has a market capitalization of $1.92 billion, a PE ratio of 35.71 and a beta of 1.07. Brooks Automation, Inc. has a 52-week low of $12.71 and a 52-week high of $30.23.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million for the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. Brooks Automation’s revenue for the quarter 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 expect that Brooks Automation, Inc. will post $1.18 EPS for the current fiscal year.
The firm 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Brooks Automation’s dividend payout ratio is currently 50.00%.
Several research analysts have issued reports on BRKS shares. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and raised their target price for the stock from $22.00 to $32.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub cut Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. B. Riley reissued a “buy” rating and issued a $32.00 target price on shares of Brooks Automation in a research report on Saturday, June 17th. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Janney Montgomery Scott lifted their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.57.
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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