American International Group Inc. Has $1.66 Million Position in Brooks Automation, Inc (BRKS)

American International Group Inc. increased its position in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,591 shares of the semiconductor company’s stock after buying an additional 2,969 shares during the period. American International Group Inc. owned about 0.08% of Brooks Automation worth $1,657,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Brooks Automation during the 2nd quarter worth $104,000. Advisor Group Inc. bought a new stake in shares of Brooks Automation in the 2nd quarter worth about $122,000. Riverhead Capital Management LLC increased its position in shares of Brooks Automation by 49.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,897 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Brooks Automation by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after purchasing an additional 348 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Brooks Automation by 49.3% in the 2nd quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 2,072 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brooks Automation, Inc (BRKS) opened at $23.66 on Wednesday. The firm has a market cap of $1,715.53, a PE ratio of 22.18 and a beta of 0.93. Brooks Automation, Inc has a 1 year low of $16.38 and a 1 year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. sell-side analysts anticipate that Brooks Automation, Inc will post 1.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s dividend payout ratio is presently 44.44%.

In related news, CEO Stephen S. Schwartz sold 27,915 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $796,973.25. Following the completion of the sale, the chief executive officer now owns 661,852 shares of the company’s stock, valued at approximately $18,895,874.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William T. Montone sold 2,257 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $76,286.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,258 shares of company stock valued at $2,226,732. Insiders own 2.24% of the company’s stock.

Several equities research analysts have recently weighed in on BRKS shares. Stifel Nicolaus boosted their target price on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Janney Montgomery Scott boosted their target price on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reissued a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a research report on Monday, November 13th. Finally, Citigroup boosted their target price on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.57.

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

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