Advisors Asset Management Inc. bought a new position in Brooks Automation Inc. (NASDAQ:BRKS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,120 shares of the company’s stock, valued at approximately $114,000.
Several other large investors have also recently added to or reduced their stakes in BRKS. Genesee Valley Trust Co. increased its stake in Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock worth $143,000 after buying an additional 1,000 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Brooks Automation during the first quarter worth approximately $155,000. Quantitative Systematic Strategies LLC increased its stake in Brooks Automation by 7.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 15,700 shares of the company’s stock worth $172,000 after buying an additional 1,084 shares in the last quarter. Princeton Alpha Management LP bought a new stake in Brooks Automation during the second quarter worth approximately $180,000. Finally, Boston Private Wealth LLC increased its stake in Brooks Automation by 16.6% in the second quarter. Boston Private Wealth LLC now owns 18,149 shares of the company’s stock worth $204,000 after buying an additional 2,590 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
Brooks Automation Inc. (NASDAQ:BRKS) traded down 0.764% on Friday, reaching $13.645. The company’s stock had a trading volume of 197,459 shares. The firm’s 50-day moving average price is $13.05 and its 200-day moving average price is $11.53. Brooks Automation Inc. has a 52-week low of $8.33 and a 52-week high of $13.96. The stock’s market cap is $902.21 million.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The company had revenue of $147.53 million for the quarter, compared to the consensus estimate of $144.40 million. During the same quarter last year, the business posted $0.15 EPS. Brooks Automation’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts expect that Brooks Automation Inc. will post $0.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, August 31st. Brooks Automation’s dividend payout ratio (DPR) is -37.38%.
BRKS has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price objective on Brooks Automation from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, June 24th. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Brooks Automation in a report on Wednesday, August 3rd. TheStreet upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Finally, Janney Montgomery Scott initiated coverage on Brooks Automation in a report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.85.
In related news, insider David C. Gray sold 6,441 shares of the firm’s stock in a transaction 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 sale, the insider now owns 138,834 shares of the company’s stock, valued at approximately $1,768,745.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Joseph sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $13.00, for a total value of $52,000.00. Following the sale, the vice president now directly owns 165,755 shares in the company, valued at approximately $2,154,815. The disclosure for this sale can be found here. Corporate insiders own 2.15% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.