Louisiana State Employees Retirement System Raises Stake in Brooks Automation, Inc. (NASDAQ:BRKS)

Louisiana State Employees Retirement System increased its position in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,400 shares of the semiconductor company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Brooks Automation were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after buying an additional 8,652,867 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Brooks Automation by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 1,794,660 shares of the semiconductor company’s stock worth $40,200,000 after buying an additional 1,066,297 shares during the last quarter. Norges Bank bought a new position in shares of Brooks Automation during the fourth quarter worth approximately $10,381,000. Bogle Investment Management L P DE bought a new position in shares of Brooks Automation during the first quarter worth approximately $7,222,000. Finally, Vanguard Group Inc. boosted its stake in Brooks Automation by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,282,912 shares of the semiconductor company’s stock worth $140,738,000 after buying an additional 262,325 shares during the period. Institutional investors own 89.88% of the company’s stock.

Brooks Automation, Inc. (BRKS) opened at 24.95 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 31.23 and a beta of 1.03. The firm has a 50 day moving average price of $24.44 and a 200 day moving average price of $23.82. Brooks Automation, Inc. has a 12-month low of $12.05 and a 12-month high of $30.23.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The company had revenue of $181.72 million during the quarter, compared to the consensus estimate of $177.40 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, analysts anticipate that Brooks Automation, Inc. will post $1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is presently 50.00%.

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A number of equities research analysts have recently weighed in on BRKS shares. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Brooks Automation in a report on Friday, April 28th. Needham & Company LLC lifted their price target on Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Monday, May 1st. BidaskClub cut Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $27.43.

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.

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

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