Brooks Automation, Inc. (BRKS) Stake Lowered by ClariVest Asset Management LLC
ClariVest Asset Management LLC trimmed its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 27.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,100 shares of the semiconductor company’s stock after selling 52,900 shares during the period. ClariVest Asset Management LLC owned 0.21% of Brooks Automation worth $4,344,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Brooks Automation during the second quarter valued at $104,000. Advisor Group Inc. purchased a new position in Brooks Automation during the second quarter valued at $122,000. Riverhead Capital Management LLC grew its stake in Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Brooks Automation by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Brooks Automation by 49.3% during the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 2,072 shares in the last quarter. 89.97% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $34.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, August 4th. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus raised shares of Brooks Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.57.
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Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded up $0.13 during trading hours on Monday, hitting $27.46. 1,048,600 shares of the company’s stock were exchanged, compared to its average volume of 679,263. Brooks Automation, Inc. has a 1-year low of $15.34 and a 1-year high of $34.77. The stock has a market cap of $1,920.00, a PE ratio of 24.96 and a beta of 1.06.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million during the quarter, compared to analysts’ expectations of $174.66 million. During the same period last year, the company posted $0.22 EPS. The business’s revenue was up 15.4% on a year-over-year basis. analysts forecast that Brooks Automation, Inc. will post 1.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Brooks Automation’s payout ratio is currently 44.94%.
In other Brooks Automation news, CEO Stephen S. Schwartz sold 27,915 shares of Brooks Automation stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $28.55, for a total value of $796,973.25. Following the completion of the transaction, the chief executive officer now directly owns 661,852 shares of the company’s stock, valued at approximately $18,895,874.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen S. Schwartz sold 8,667 shares of Brooks Automation stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $292,944.60. The disclosure for this sale can be found here. Insiders sold a total of 66,258 shares of company stock valued at $1,995,532 over the last three months. Corporate insiders own 2.24% of the company’s stock.
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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