UBS Asset Management Americas Inc. cut its stake in Brooks Automation, Inc (NASDAQ:BRKS) by 56.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,997 shares of the semiconductor company’s stock after selling 19,500 shares during the period. UBS Asset Management Americas Inc.’s holdings in Brooks Automation were worth $256,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in Brooks Automation by 1.0% in the third quarter. Northern Trust Corp now owns 2,327,782 shares of the semiconductor company’s stock valued at $31,680,000 after buying an additional 23,914 shares during the period. State Street Corp raised its stake in Brooks Automation by 12.3% in the fourth quarter. State Street Corp now owns 1,508,213 shares of the semiconductor company’s stock valued at $25,750,000 after buying an additional 165,631 shares during the period. Lazard Asset Management LLC raised its stake in Brooks Automation by 139.1% in the third quarter. Lazard Asset Management LLC now owns 683,755 shares of the semiconductor company’s stock valued at $9,305,000 after buying an additional 397,834 shares during the period. Norges Bank bought a new stake in Brooks Automation during the fourth quarter valued at approximately $10,381,000. Finally, Thrivent Financial for Lutherans raised its stake in Brooks Automation by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 453,228 shares of the semiconductor company’s stock valued at $7,737,000 after buying an additional 1,910 shares during the period. Hedge funds and other institutional investors own 88.84% of the company’s stock.
Brooks Automation, Inc (NASDAQ:BRKS) opened at 27.29 on Thursday. The company has a 50-day moving average of $24.94 and a 200 day moving average of $20.16. Brooks Automation, Inc has a one year low of $10.63 and a one year high of $29.01. The company has a market cap of $1.83 billion, a P/E ratio of 40.07 and a beta of 1.16.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Brooks Automation had a negative net margin of 8.49% and a positive return on equity of 8.51%. The firm had revenue of $169.30 million during the quarter, compared to analysts’ expectations of $167.16 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. Analysts anticipate that Brooks Automation, Inc will post $1.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 2nd will be issued a $0.10 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. Brooks Automation’s payout ratio is -53.33%.
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Several equities research analysts have recently commented on BRKS shares. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Brooks Automation in a research note on Wednesday, May 3rd. Needham & Company LLC upped their price objective on Brooks Automation to $22.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Monday, May 1st. Finally, Citigroup Inc upped their price objective on Brooks Automation to $26.00 and gave the stock a “buy” rating in a research note on Monday, March 20th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and an average price target of $23.86.
About Brooks Automation
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through 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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