AMP Capital Investors Ltd purchased a new stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,000 shares of the semiconductor company’s stock, valued at approximately $243,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in Brooks Automation in the 2nd quarter worth approximately $104,000. Advisor Group Inc. bought a new stake in Brooks Automation in the 2nd quarter worth approximately $122,000. Riverhead Capital Management LLC lifted its position in 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 buying an additional 1,897 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in 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 buying an additional 348 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in 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 buying an additional 2,072 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.
Brooks Automation, Inc (BRKS) opened at $24.40 on Friday. The company has a market capitalization of $1,710.00, a P/E ratio of 27.42 and a beta of 0.93. Brooks Automation, Inc has a 12 month low of $16.51 and a 12 month high of $34.77.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. Brooks Automation’s dividend payout ratio (DPR) is currently 44.94%.
In other news, SVP William T. Montone sold 2,257 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $76,286.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Jarzynka sold 2,476 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $83,688.80. The disclosure for this sale can be found here. Insiders sold a total of 76,258 shares of company stock worth $2,226,732 over the last ninety days. Insiders own 2.36% of the company’s stock.
A number of analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Brooks Automation in a research report on Friday, October 6th. Citigroup boosted their target price on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Janney Montgomery Scott boosted their target price on Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Finally, B. Riley restated a “buy” rating and issued a $34.00 target price on shares of Brooks Automation in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Brooks Automation currently has a consensus rating of “Buy” and an average target price of $31.63.
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Brooks Automation Company Profile
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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