New York State Common Retirement Fund Acquires 42,018 Shares of Brooks Automation, Inc (BRKS)
New York State Common Retirement Fund lifted its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 47.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,611 shares of the semiconductor company’s stock after buying an additional 42,018 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of Brooks Automation worth $3,965,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BRKS. Mesirow Financial Investment Management Equity Management acquired a new stake in Brooks Automation in the third quarter valued at about $15,902,000. Bank of New York Mellon Corp lifted its position in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock valued at $55,421,000 after purchasing an additional 489,434 shares during the period. Koch Industries Inc. acquired a new stake in Brooks Automation in the second quarter valued at about $391,000. Vanguard Group Inc. lifted its position in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the period. Finally, Phocas Financial Corp. acquired a new stake in Brooks Automation in the second quarter valued at about $5,117,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
A number of equities research analysts recently commented on BRKS shares. Stifel Nicolaus raised their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Janney Montgomery Scott increased their target price on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 14th. B. Riley reaffirmed a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a report on Monday, November 13th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Citigroup increased their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.63.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue was up 15.4% on a year-over-year basis. analysts predict that Brooks Automation, Inc will post 1.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. Brooks Automation’s dividend payout ratio (DPR) is 44.94%.
In other news, CEO Stephen S. Schwartz sold 8,667 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $292,944.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $796,973.25. Following the transaction, the chief executive officer now directly owns 661,852 shares of the company’s stock, valued at $18,895,874.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,258 shares of company stock valued at $2,226,732. Corporate insiders own 2.36% of the company’s stock.
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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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