Goldman Sachs Group Inc. increased its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,313 shares of the semiconductor company’s stock after buying an additional 7,565 shares during the period. Goldman Sachs Group Inc. owned 0.29% of Brooks Automation worth $4,420,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 240 shares during the last quarter. Columbus Circle Investors bought a new position in shares of Brooks Automation during the first quarter valued at $2,765,000. Louisiana State Employees Retirement System increased its position in shares of Brooks Automation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 28,300 shares of the semiconductor company’s stock valued at $634,000 after buying an additional 600 shares during the last quarter. Alpha Windward LLC bought a new position in shares of Brooks Automation during the first quarter valued at $500,000. Finally, Bank of Montreal Can increased its position in shares of Brooks Automation by 8,157.8% in the first quarter. Bank of Montreal Can now owns 92,818 shares of the semiconductor company’s stock valued at $2,079,000 after buying an additional 91,694 shares during the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.
Brooks Automation, Inc. (NASDAQ BRKS) traded down 0.53% during midday trading on Friday, hitting $22.60. The company’s stock had a trading volume of 942,359 shares. Brooks Automation, Inc. has a one year low of $12.05 and a one year high of $30.23. The company’s 50-day moving average is $24.60 and its 200 day moving average is $23.28. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 28.29 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, analysts predict that Brooks Automation, Inc. will post $1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s dividend payout ratio is presently 50.00%.
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Several research firms recently commented on BRKS. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Friday. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Thursday. Credit Suisse Group reiterated a “hold” rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a report on Thursday. Finally, BidaskClub downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.29.
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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