SG Americas Securities LLC decreased its holdings in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,988 shares of the semiconductor company’s stock after selling 641 shares during the period. SG Americas Securities LLC’s holdings in Brooks Automation were worth $481,000 as of its most recent SEC filing.
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Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its holdings in Brooks Automation by 0.8% during the third quarter. State of Tennessee Treasury Department now owns 38,976 shares of the semiconductor company’s stock worth $1,443,000 after buying an additional 325 shares during the last quarter. Arizona State Retirement System raised its holdings in Brooks Automation by 2.2% during the second quarter. Arizona State Retirement System now owns 111,900 shares of the semiconductor company’s stock worth $4,336,000 after buying an additional 2,435 shares during the last quarter. UMB Bank N A MO acquired a new position in Brooks Automation during the second quarter worth $202,000. HighTower Advisors LLC raised its holdings in Brooks Automation by 16.0% during the second quarter. HighTower Advisors LLC now owns 13,743 shares of the semiconductor company’s stock worth $534,000 after buying an additional 1,891 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Brooks Automation by 28.2% during the third quarter. Fisher Asset Management LLC now owns 1,354,736 shares of the semiconductor company’s stock worth $50,166,000 after buying an additional 297,661 shares during the last quarter.
BRKS has been the topic of several research reports. BidaskClub upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Citigroup downgraded shares of Brooks Automation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $44.00 to $42.00 in a report on Monday, September 23rd. B. Riley increased their target price on shares of Brooks Automation from $47.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, November 7th. ValuEngine upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus increased their target price on shares of Brooks Automation from $43.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.00.
Shares of BRKS stock opened at $43.31 on Monday. The firm has a 50-day moving average of $42.02 and a 200-day moving average of $38.13. The company has a market cap of $3.15 billion, a P/E ratio of 56.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.37 and a quick ratio of 2.01. Brooks Automation, Inc has a one year low of $23.02 and a one year high of $50.35.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $200.23 million during the quarter, compared to analyst estimates of $195.38 million. Brooks Automation had a net margin of 55.99% and a return on equity of 6.67%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, research analysts expect that Brooks Automation, Inc will post 1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 0.92%. Brooks Automation’s payout ratio is currently 51.95%.
In related news, SVP Jason Joseph sold 24,198 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total transaction of $1,094,959.50. Following the completion of the transaction, the senior vice president now owns 132,108 shares in the company, valued at $5,977,887. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen S. Schwartz sold 108,391 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total transaction of $4,904,692.75. Following the transaction, the chief executive officer now owns 714,871 shares of the company’s stock, valued at approximately $32,347,912.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,648 shares of company stock valued at $9,882,176. 2.45% of the stock is owned by company insiders.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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