John G Ullman & Associates Inc. cut its stake in Brooks Automation, Inc. (NASDAQ:BRKS) by 41.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,084 shares of the semiconductor company’s stock after selling 192,692 shares during the period. John G Ullman & Associates Inc. owned about 0.40% of Brooks Automation worth $5,793,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its position in shares of Brooks Automation by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,410 shares of the semiconductor company’s stock valued at $356,000 after buying an additional 640 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Brooks Automation by 82.7% in the second quarter. Acadian Asset Management LLC now owns 359,601 shares of the semiconductor company’s stock worth $7,799,000 after buying an additional 162,750 shares in the last quarter. First Quadrant L P CA purchased a new stake in Brooks Automation during the second quarter worth about $201,000. Aperio Group LLC boosted its stake in Brooks Automation by 8.1% in the second quarter. Aperio Group LLC now owns 28,396 shares of the semiconductor company’s stock worth $616,000 after buying an additional 2,125 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Brooks Automation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the semiconductor company’s stock worth $616,000 after buying an additional 100 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors.
Brooks Automation, Inc. (BRKS) opened at 24.42 on Friday. The stock’s 50 day moving average price is $24.36 and its 200 day moving average price is $23.77. Brooks Automation, Inc. has a 52 week low of $12.05 and a 52 week high of $30.23. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 30.56 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last released its earnings results 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. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The company had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. During the same quarter in the previous year, the company earned $0.16 EPS. Brooks Automation’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities research analysts predict that Brooks Automation, Inc. will post $1.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is 50.00%.
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A number of analysts have recently issued reports on BRKS shares. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Brooks Automation in a research report on Wednesday, May 3rd. BidaskClub cut Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $26.00 price target on shares of Brooks Automation in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.43.
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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