Prudential Financial Inc. Sells 7,630 Shares of Brooks Automation, Inc (BRKS)

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.

Shares of Brooks Automation, Inc (BRKS) traded up $0.14 on Wednesday, hitting $23.15. 1,336,921 shares of the stock were exchanged, compared to its average volume of 705,959. The firm has a market capitalization of $1,584.76, a price-to-earnings ratio of 20.49 and a beta of 0.93. Brooks Automation, Inc has a 1-year low of $16.16 and a 1-year high of $34.77.

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.

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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.

Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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