Brooks Automation, Inc (NASDAQ:BRKS) CFO Sells $2,153,764.25 in Stock

Brooks Automation, Inc (NASDAQ:BRKS) CFO Lindon G. Robertson sold 47,597 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $45.25, for a total value of $2,153,764.25. Following the completion of the transaction, the chief financial officer now owns 248,015 shares of the company’s stock, valued at $11,222,678.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of BRKS stock traded down $0.30 on Friday, reaching $43.31. 344,400 shares of the stock were exchanged, compared to its average volume of 530,607. The stock has a market cap of $3.27 billion, a P/E ratio of 56.25 and a beta of 1.37. The company has a quick ratio of 2.01, a current ratio of 2.37 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $41.86 and a two-hundred day moving average of $38.11. Brooks Automation, Inc has a 1-year low of $23.02 and a 1-year high of $50.35.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $200.23 million during the quarter, compared to the consensus estimate of $195.38 million. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts predict that Brooks Automation, Inc will post 1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. Brooks Automation’s payout ratio is 51.95%.

Several brokerages have weighed in on BRKS. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Citigroup downgraded Brooks Automation from a “buy” rating to a “neutral” rating and cut their price target for the company from $44.00 to $42.00 in a report on Monday, September 23rd. TheStreet upgraded Brooks Automation from a “c+” rating to a “b-” rating in a report on Wednesday, November 6th. Zacks Investment Research downgraded Brooks Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, B. Riley boosted their price target on Brooks Automation from $47.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.00.

Several hedge funds have recently added to or reduced their stakes in BRKS. FMR LLC increased its holdings in shares of Brooks Automation by 226.6% during the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after buying an additional 969,851 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in shares of Brooks Automation by 30.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 3,502,866 shares of the semiconductor company’s stock worth $135,736,000 after buying an additional 813,225 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Brooks Automation by 61.2% during the 2nd quarter. Invesco Ltd. now owns 1,685,152 shares of the semiconductor company’s stock worth $65,299,000 after buying an additional 639,558 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Brooks Automation by 1,177.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 398,609 shares of the semiconductor company’s stock worth $15,445,000 after buying an additional 367,409 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Brooks Automation by 28.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,354,736 shares of the semiconductor company’s stock worth $50,166,000 after buying an additional 297,661 shares during the last quarter.

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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