Brooks Automation, Inc (BRKS) Insider Sells $202,160.00 in Stock
Brooks Automation, Inc (NASDAQ:BRKS) insider David C. Gray sold 7,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $28.88, for a total transaction of $202,160.00. Following the completion of the sale, the insider now owns 91,806 shares in the company, valued at $2,651,357.28. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Brooks Automation, Inc (BRKS) opened at $29.13 on Wednesday. Brooks Automation, Inc has a one year low of $20.53 and a one year high of $34.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.33. The company has a market cap of $2,072.04, a price-to-earnings ratio of 24.31 and a beta of 0.97.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The firm had revenue of $189.33 million for the quarter, compared to analyst estimates of $184.48 million. During the same period last year, the business earned $0.25 EPS. Brooks Automation’s revenue for the quarter was up 18.4% compared to the same quarter last year. analysts predict that Brooks Automation, Inc will post 1.4 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new stake in Brooks Automation during the 4th quarter worth $163,000. Levin Capital Strategies L.P. acquired a new stake in Brooks Automation during the 4th quarter worth $226,000. AMP Capital Investors Ltd acquired a new stake in Brooks Automation during the 3rd quarter worth $243,000. LS Investment Advisors LLC raised its stake in Brooks Automation by 372.1% during the 4th quarter. LS Investment Advisors LLC now owns 11,245 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 8,863 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in Brooks Automation during the 3rd quarter worth $304,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.
A number of brokerages have recently weighed in on BRKS. Janney Montgomery Scott set a $35.00 price objective on shares of Brooks Automation and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley raised their price objective on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Stephens restated a “buy” rating and issued a $36.00 price objective on shares of Brooks Automation in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Brooks Automation has an average rating of “Buy” and an average target price of $32.88.
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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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