QS Investors LLC Invests $1.29 Million in Brooks Automation, Inc. (BRKS)
QS Investors LLC purchased a new stake in shares of 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 (SEC). The fund purchased 59,381 shares of the semiconductor company’s stock, valued at approximately $1,288,000. QS Investors LLC owned 0.09% of Brooks Automation as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of Brooks Automation by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the semiconductor company’s stock valued at $616,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System lifted its holdings in Brooks Automation by 0.3% in the second quarter. Arizona State Retirement System now owns 36,293 shares of the semiconductor company’s stock worth $787,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Brooks Automation by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 230 shares during the period. Amalgamated Bank lifted its holdings in Brooks Automation by 3.4% in the second quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock worth $207,000 after purchasing an additional 313 shares during the period. Finally, Texas Permanent School Fund lifted its holdings in Brooks Automation by 1.0% in the second quarter. Texas Permanent School Fund now owns 50,847 shares of the semiconductor company’s stock worth $1,103,000 after purchasing an additional 513 shares during the period. 90.39% of the stock is owned by institutional investors.
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Brooks Automation, Inc. (NASDAQ:BRKS) opened at 30.18 on Wednesday. Brooks Automation, Inc. has a 1-year low of $12.71 and a 1-year high of $31.75. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 37.77 and a beta of 1.10. The firm’s 50-day moving average price is $27.89 and its 200 day moving average price is $25.64.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm 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 company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. On average, analysts predict that Brooks Automation, Inc. will post $1.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.40 annualized dividend and a yield of 1.33%. Brooks Automation’s dividend payout ratio is presently 50.00%.
Several brokerages have commented on BRKS. B. Riley reiterated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 4th. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Finally, Stifel Nicolaus upgraded Brooks Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Brooks Automation has a consensus rating of “Buy” and an average target price of $29.57.
About Brooks Automation
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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