Advisors Asset Management Inc. purchased a new position in Brooks Automation, Inc (NASDAQ:BRKS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,894 shares of the semiconductor company’s stock, valued at approximately $268,000.

Several other large investors have also bought and sold shares of BRKS. Envestnet Asset Management Inc. lifted its stake in shares of Brooks Automation by 624.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,375 shares of the semiconductor company’s stock worth $146,000 after buying an additional 4,633 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Brooks Automation by 0.5% in the first quarter. BlackRock Inc. now owns 8,991,973 shares of the semiconductor company’s stock worth $243,503,000 after buying an additional 48,812 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Brooks Automation by 65.5% in the first quarter. New York State Common Retirement Fund now owns 224,413 shares of the semiconductor company’s stock worth $6,077,000 after buying an additional 88,835 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Brooks Automation by 25.9% in the first quarter. Citigroup Inc. now owns 16,743 shares of the semiconductor company’s stock worth $454,000 after buying an additional 3,440 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Brooks Automation by 1,209.5% in the first quarter. PNC Financial Services Group Inc. now owns 62,736 shares of the semiconductor company’s stock worth $1,698,000 after buying an additional 57,945 shares in the last quarter. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

In other Brooks Automation news, VP Jason Joseph sold 1,965 shares of Brooks Automation stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now directly owns 86,868 shares in the company, valued at $3,300,984. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lindon G. Robertson sold 13,042 shares of Brooks Automation stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total transaction of $508,638.00. Following the sale, the chief financial officer now owns 136,642 shares of the company’s stock, valued at $5,329,038. The disclosure for this sale can be found here. 2.36% of the stock is owned by company insiders.

BRKS has been the subject of several recent analyst reports. Stephens restated a “buy” rating and set a $35.00 price objective on shares of Brooks Automation in a research report on Tuesday, August 7th. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Citigroup raised their price objective on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.71.

Brooks Automation stock opened at $30.27 on Friday. Brooks Automation, Inc has a 12-month low of $21.75 and a 12-month high of $39.75. The stock has a market cap of $2.47 billion, a P/E ratio of 24.19 and a beta of 1.05. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The firm had revenue of $223.48 million during the quarter, compared to analysts’ expectations of $218.98 million. During the same period last year, the business earned $0.36 earnings per share. Brooks Automation’s revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts predict that Brooks Automation, Inc will post 1.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 6th. Brooks Automation’s dividend payout ratio is presently 32.26%.

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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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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