Insider Selling: Brooks Automation, Inc (BRKS) SVP Sells 1,026 Shares of Stock

Brooks Automation, Inc (NASDAQ:BRKS) SVP William T. Montone sold 1,026 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $31.76, for a total transaction of $32,585.76. Following the completion of the sale, the senior vice president now directly owns 107,532 shares of the company’s stock, valued at approximately $3,415,216.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ:BRKS traded down $0.09 on Wednesday, hitting $32.30. The company had a trading volume of 589,051 shares, compared to its average volume of 748,715. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 26.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 2.48. Brooks Automation, Inc has a 52 week low of $21.75 and a 52 week high of $39.75.

A number of large investors have recently modified their holdings of the stock. Psagot Investment House Ltd. acquired a new position in Brooks Automation in the 2nd quarter valued at approximately $103,000. Meeder Asset Management Inc. acquired a new stake in shares of Brooks Automation during the third quarter worth $104,000. Advisory Services Network LLC increased its position in shares of Brooks Automation by 2,387.2% during the third quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock worth $123,000 after buying an additional 3,366 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Brooks Automation during the second quarter worth $138,000. Finally, Cim LLC acquired a new stake in shares of Brooks Automation during the third quarter worth $207,000. 94.81% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on BRKS shares. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $56.00 price target (up previously from $40.00) on shares of Brooks Automation in a report on Tuesday, August 28th. Citigroup upped their price target on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, B. Riley upped their price target on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.71.

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About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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