Trade Report: Today, Brooks Automation Inc. (BRKS) to Issue Quarterly Dividend of $0.10 on December 23rd

Today, Brooks Automation Inc. (BRKS) to Issue Quarterly Dividend of $0.10 on  December 23rd

Brooks Automation Inc. (NASDAQ:BRKS) announced a quarterly dividend on Thursday, November 10th. Stockholders of record on Friday, December 2nd will be given a dividend of 0.10 per share on Friday, December 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, November 30th.

Shares of Brooks Automation (NASDAQ:BRKS) opened at 16.53 on Friday. Brooks Automation has a 52-week low of $8.33 and a 52-week high of $16.57. The stock’s 50 day moving average is $13.96 and its 200 day moving average is $12.46. The company’s market cap is $1.09 billion.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.07. Brooks Automation had a negative net margin of 12.40% and a positive return on equity of 5.75%. The company had revenue of $157.55 million for the quarter, compared to the consensus estimate of $145.77 million. During the same quarter in the prior year, the company earned $0.17 EPS. Brooks Automation’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Brooks Automation will post $0.85 EPS for the current year.

Several equities research analysts have commented on the company. Needham & Company LLC upped their price objective on Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Janney Montgomery Scott assumed coverage on Brooks Automation in a research report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Citigroup Inc. upgraded Brooks Automation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.50 to $16.50 in a research report on Wednesday, October 12th. Zacks Investment Research lowered Brooks Automation from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Finally, TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Brooks Automation has a consensus rating of “Buy” and a consensus price target of $15.72.

In other news, insider David C. Gray sold 6,441 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $12.74, for a total transaction of $82,058.34. Following the transaction, the insider now owns 138,834 shares in the company, valued at approximately $1,768,745.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen S. Schwartz sold 10,000 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $15.81, for a total value of $158,100.00. The disclosure for this sale can be found here. Insiders own 2.15% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Chartwell Investment Partners LLC purchased a new position in shares of Brooks Automation during the third quarter worth $3,880,000. Vanguard Group Inc. raised its position in shares of Brooks Automation by 5.1% in the second quarter. Vanguard Group Inc. now owns 5,496,910 shares of the company’s stock worth $61,675,000 after buying an additional 269,175 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Brooks Automation by 4.1% in the second quarter. BlackRock Fund Advisors now owns 4,440,518 shares of the company’s stock worth $49,823,000 after buying an additional 174,503 shares during the last quarter. United Services Automobile Association raised its position in shares of Brooks Automation by 13.6% in the second quarter. United Services Automobile Association now owns 855,872 shares of the company’s stock worth $9,603,000 after buying an additional 102,300 shares during the last quarter. Finally, AXA purchased a new position in shares of Brooks Automation during the second quarter worth $1,092,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

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