SG Americas Securities LLC lowered its stake in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 39.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,140 shares of the semiconductor company’s stock after selling 13,191 shares during the period. SG Americas Securities LLC’s holdings in Brooks Automation were worth $891,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in BRKS. Sowell Financial Services LLC raised its stake in Brooks Automation by 5,183.7% in the 1st quarter. Sowell Financial Services LLC now owns 2,272 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 2,229 shares during the period. Fifth Third Bancorp raised its stake in Brooks Automation by 61.3% in the 1st quarter. Fifth Third Bancorp now owns 2,464 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 936 shares during the period. FDx Advisors Inc. bought a new stake in Brooks Automation in the 1st quarter valued at $75,000. Mutual of America Capital Management LLC raised its stake in Brooks Automation by 21.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,138 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 555 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new stake in Brooks Automation in the 1st quarter valued at $97,000. Institutional investors own 97.97% of the company’s stock.
A number of equities research analysts recently weighed in on BRKS shares. Citigroup increased their price target on Brooks Automation from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Needham & Company LLC began coverage on Brooks Automation in a report on Tuesday, June 2nd. They issued a “hold” rating on the stock. B. Riley upped their price objective on Brooks Automation from $55.00 to $65.00 in a report on Friday. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, June 19th. Finally, ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.83.
BRKS opened at $54.45 on Friday. The firm has a market cap of $3.49 billion, a P/E ratio of 8.81 and a beta of 1.49. Brooks Automation, Inc has a 52-week low of $21.19 and a 52-week high of $54.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.36 and a current ratio of 2.91. The business’s fifty day moving average is $43.78 and its 200-day moving average is $38.24.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12. The company had revenue of $220.35 million for the quarter, compared to analyst estimates of $207.25 million. Brooks Automation had a return on equity of 6.61% and a net margin of 52.69%. On average, research analysts predict that Brooks Automation, Inc will post 0.88 earnings per share for the current fiscal year.
In other news, insider David C. Gray sold 4,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $45.00, for a total transaction of $180,000.00. Following the sale, the insider now directly owns 72,179 shares of the company’s stock, valued at approximately $3,248,055. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph R. Martin sold 5,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $40.54, for a total value of $202,700.00. Following the sale, the director now directly owns 83,619 shares in the company, valued at $3,389,914.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,744 shares of company stock worth $2,068,688. 2.66% of the stock is currently owned by insiders.
About Brooks Automation
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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