United Capital Financial Advisers LLC Reduces Stake in Brooks Automation, Inc (NASDAQ:BRKS)

Share on StockTwits

United Capital Financial Advisers LLC reduced its position in Brooks Automation, Inc (NASDAQ:BRKS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,911 shares of the semiconductor company’s stock after selling 2,116 shares during the period. United Capital Financial Advisers LLC’s holdings in Brooks Automation were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of Brooks Automation by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,652 shares of the semiconductor company’s stock worth $254,000 after buying an additional 400 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Brooks Automation by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,900 shares of the semiconductor company’s stock worth $1,063,000 after purchasing an additional 400 shares during the period. Mason Street Advisors LLC raised its holdings in Brooks Automation by 2.2% in the 1st quarter. Mason Street Advisors LLC now owns 22,789 shares of the semiconductor company’s stock worth $668,000 after purchasing an additional 499 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Brooks Automation by 1.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,297 shares of the semiconductor company’s stock worth $1,097,000 after purchasing an additional 500 shares during the period. Finally, Comerica Bank raised its holdings in Brooks Automation by 0.9% in the 1st quarter. Comerica Bank now owns 70,875 shares of the semiconductor company’s stock worth $2,230,000 after purchasing an additional 616 shares during the period.

Brooks Automation stock traded down $0.09 during trading on Friday, reaching $39.40. The company had a trading volume of 463,857 shares, compared to its average volume of 422,887. Brooks Automation, Inc has a 52 week low of $23.02 and a 52 week high of $42.25. The firm’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $35.10. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 61.56 and a beta of 1.39. The company has a current ratio of 3.01, a quick ratio of 2.41 and a debt-to-equity ratio of 0.72.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Brooks Automation had a return on equity of 6.89% and a net margin of 4.78%. The company had revenue of $203.88 million for the quarter, compared to analysts’ expectations of $205.14 million. During the same period last year, the firm earned $0.21 EPS. Brooks Automation’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Brooks Automation, Inc will post 0.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.02%. Brooks Automation’s dividend payout ratio is presently 62.50%.

BRKS has been the topic of a number of recent research reports. Zacks Investment Research cut Brooks Automation from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Stifel Nicolaus set a $43.00 target price on Brooks Automation and gave the stock a “buy” rating in a report on Tuesday. TheStreet cut Brooks Automation from a “b-” rating to a “c+” rating in a report on Tuesday, August 13th. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price on shares of Brooks Automation in a report on Friday, August 23rd. Finally, B. Riley set a $47.00 target price on Brooks Automation and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.50.

In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $41.00, for a total transaction of $136,653.00. Following the sale, the insider now directly owns 35,768 shares of the company’s stock, valued at $1,466,488. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.45% of the stock is owned by company insiders.

Brooks Automation Company Profile

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.

See Also: Are we seeing the beginning of a new bubble?

Want to see what other hedge funds are holding BRKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brooks Automation, Inc (NASDAQ:BRKS).

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

Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.