BBVA USA Bancshares Inc. increased its holdings in Brooks Automation, Inc (NASDAQ:BRKS) by 129.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,135 shares of the semiconductor company’s stock after acquiring an additional 37,267 shares during the period. BBVA USA Bancshares Inc. owned about 0.09% of Brooks Automation worth $2,449,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mason Street Advisors LLC grew its position in Brooks Automation by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 24,524 shares of the semiconductor company’s stock worth $908,000 after purchasing an additional 445 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Brooks Automation by 71.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,263 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 1,360 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in shares of Brooks Automation during the 3rd quarter valued at approximately $310,000. Alps Advisors Inc. bought a new position in shares of Brooks Automation during the 3rd quarter valued at approximately $655,000. Finally, First Trust Advisors LP grew its position in shares of Brooks Automation by 58.4% during the 3rd quarter. First Trust Advisors LP now owns 104,866 shares of the semiconductor company’s stock valued at $3,883,000 after acquiring an additional 38,657 shares during the period.
A number of research analysts have recently weighed in on the stock. B. Riley set a $47.00 target price on shares of Brooks Automation and gave the company a “buy” rating in a research report on Wednesday, September 18th. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of Brooks Automation from a “c+” rating to a “b-” rating in a research report on Wednesday, November 6th. Stifel Nicolaus set a $43.00 price target on shares of Brooks Automation and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Zacks Investment Research cut shares of Brooks Automation from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.20.
In related news, SVP Jason Joseph sold 5,478 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $42.50, for a total transaction of $232,815.00. Following the transaction, the senior vice president now owns 77,352 shares of the company’s stock, valued at approximately $3,287,460. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Pietrantoni sold 4,334 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $47.00, for a total transaction of $203,698.00. Following the completion of the sale, the insider now directly owns 28,101 shares in the company, valued at approximately $1,320,747. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,648 shares of company stock worth $9,882,176. 2.45% of the stock is owned by insiders.
Shares of Brooks Automation stock traded up $0.61 on Wednesday, hitting $40.98. 495,364 shares of the company traded hands, compared to its average volume of 529,325. The firm’s 50-day simple moving average is $43.56 and its 200 day simple moving average is $38.43. The company has a current ratio of 2.37, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.23 billion, a P/E ratio of 53.22 and a beta of 1.39. Brooks Automation, Inc has a 12-month low of $23.02 and a 12-month high of $50.35.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data 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. Brooks Automation had a net margin of 55.99% and a return on equity of 6.67%. The firm had revenue of $200.23 million for the quarter, compared to analysts’ expectations of $195.38 million. During the same quarter last year, the company posted $0.40 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts predict that Brooks Automation, Inc will post 1.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 5th. Brooks Automation’s dividend payout ratio is currently 51.95%.
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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