Systematic Financial Management LP reduced its position in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 10.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 764,264 shares of the company’s stock after selling 91,208 shares during the period. Systematic Financial Management LP’s holdings in Brooks Automation were worth $13,046,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in BRKS. Nationwide Fund Advisors raised its stake in shares of Brooks Automation by 1.8% in the second quarter. Nationwide Fund Advisors now owns 72,644 shares of the company’s stock worth $815,000 after buying an additional 1,319 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Brooks Automation by 15.9% in the second quarter. Teacher Retirement System of Texas now owns 9,545 shares of the company’s stock valued at $107,000 after buying an additional 1,313 shares during the period. Principal Financial Group Inc. raised its position in shares of Brooks Automation by 3.0% in the second quarter. Principal Financial Group Inc. now owns 482,868 shares of the company’s stock valued at $5,418,000 after buying an additional 14,154 shares during the period. Majedie Asset Management Ltd raised its position in shares of Brooks Automation by 13.7% in the second quarter. Majedie Asset Management Ltd now owns 1,603,967 shares of the company’s stock valued at $17,997,000 after buying an additional 193,526 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Brooks Automation by 18.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,235 shares of the company’s stock valued at $3,885,000 after buying an additional 53,088 shares during the period. 88.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Brooks Automation, Inc. (NASDAQ:BRKS) traded down 1.34% on Friday, reaching $21.39. 127,547 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $18.45 and its 200-day moving average price is $15.12. The stock’s market capitalization is $1.43 billion. Brooks Automation, Inc. has a 52 week low of $8.99 and a 52 week high of $21.90.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Wednesday, February 1st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The business earned $160 million during the quarter, compared to the consensus estimate of $160.03 million. Brooks Automation had a positive return on equity of 8.51% and a negative net margin of 8.49%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Equities analysts predict that Brooks Automation, Inc. will post $0.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 1st. Brooks Automation’s dividend payout ratio (DPR) is presently -53.33%.
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Several research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $21.00 target price on shares of Brooks Automation in a research note on Monday, January 16th. Stifel Nicolaus lowered shares of Brooks Automation from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Tuesday, January 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Brooks Automation in a research note on Wednesday, November 30th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and a consensus price target of $19.64.
In other news, VP Jason Joseph sold 8,256 shares of Brooks Automation stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $16.77, for a total transaction of $138,453.12. Following the completion of the transaction, the vice president now owns 134,802 shares of the company’s stock, valued at approximately $2,260,629.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Pietrantoni sold 10,000 shares of Brooks Automation stock in a transaction on Friday, February 10th. The stock was sold at an average price of $20.95, for a total value of $209,500.00. Following the transaction, the insider now directly owns 61,336 shares of the company’s stock, valued at approximately $1,284,989.20. The disclosure for this sale can be found here. Insiders have sold a total of 169,912 shares of company stock valued at $3,127,398 in the last ninety days. Corporate insiders own 2.24% of the company’s stock.
Brooks Automation Company 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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