Prudential Financial Inc. reduced its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 456,908 shares of the semiconductor company’s stock after selling 7,630 shares during the period. Prudential Financial Inc. owned 0.68% of Brooks Automation worth $13,872,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Brooks Automation during the 3rd quarter valued at $15,902,000. Victory Capital Management Inc. purchased a new position in shares of Brooks Automation during the 3rd quarter valued at $2,237,000. Crossmark Global Holdings Inc. purchased a new position in shares of Brooks Automation during the 3rd quarter valued at $422,000. Alpha Windward LLC grew its holdings in shares of Brooks Automation by 12.3% during the 3rd quarter. Alpha Windward LLC now owns 18,660 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Brooks Automation during the 3rd quarter valued at $6,072,000. Institutional investors and hedge funds own 90.15% of the company’s stock.
In related news, CEO Stephen S. Schwartz sold 27,915 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $28.55, for a total value of $796,973.25. Following the completion of the transaction, the chief executive officer now owns 661,852 shares of the company’s stock, valued at $18,895,874.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen S. Schwartz sold 8,667 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $292,944.60. The disclosure for this sale can be found here. Insiders have sold 66,258 shares of company stock valued at $1,995,532 in the last ninety days. 2.24% of the stock is owned by company insiders.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million during the quarter, compared to analyst estimates of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. research analysts predict that Brooks Automation, Inc will post 1.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s dividend payout ratio is currently 44.44%.
A number of equities research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a report on Tuesday, August 8th. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Janney Montgomery Scott upped their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Needham & Company LLC cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.57.
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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