American Century Companies Inc. purchased a new position in shares of Brooks Automation, Inc (NASDAQ:BRKS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,019 shares of the semiconductor company’s stock, valued at approximately $678,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hodges Capital Management Inc. purchased a new position in shares of Brooks Automation during the 1st quarter worth $6,373,000. Mackay Shields LLC purchased a new stake in Brooks Automation in the 1st quarter valued at about $200,000. SG Americas Securities LLC purchased a new stake in Brooks Automation in the 1st quarter valued at about $4,052,000. Comerica Bank raised its holdings in Brooks Automation by 2.9% in the 1st quarter. Comerica Bank now owns 74,308 shares of the semiconductor company’s stock valued at $1,933,000 after buying an additional 2,125 shares during the period. Finally, Traynor Capital Management Inc. purchased a new stake in Brooks Automation in the 1st quarter valued at about $656,000. Institutional investors and hedge funds own 94.79% of the company’s stock.
Shares of Brooks Automation stock traded up $1.23 on Thursday, reaching $34.69. 979,827 shares of the company were exchanged, compared to its average volume of 749,326. Brooks Automation, Inc has a 1-year low of $21.61 and a 1-year high of $35.00. The company has a market cap of $2.25 billion, a PE ratio of 27.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.54 and a current ratio of 3.34.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, May 31st. Brooks Automation’s dividend payout ratio (DPR) is 32.26%.
In related news, SVP William T. Montone sold 7,478 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $30.00, for a total value of $224,340.00. Following the completion of the transaction, the senior vice president now directly owns 125,847 shares of the company’s stock, valued at $3,775,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen S. Schwartz sold 29,833 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $32.19, for a total value of $960,324.27. Following the completion of the transaction, the chief executive officer now directly owns 537,264 shares of the company’s stock, valued at $17,294,528.16. The disclosure for this sale can be found here. Insiders sold 180,833 shares of company stock valued at $5,511,302 over the last ninety days. 2.36% of the stock is currently owned by corporate insiders.
Several brokerages recently issued reports on BRKS. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 4th. B. Riley boosted their price objective on shares of Brooks Automation from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Citigroup reduced their price objective on shares of Brooks Automation from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, May 3rd. Finally, ValuEngine lowered shares of Brooks Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.00.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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