California State Teachers Retirement System Sells 11,757 Shares of Brooks Automation, Inc (BRKS)

California State Teachers Retirement System decreased its position in shares of Brooks Automation, Inc (NASDAQ:BRKS) by 9.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,155 shares of the semiconductor company’s stock after selling 11,757 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Brooks Automation worth $3,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRKS. Vanguard Group Inc. grew its stake in shares of Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after purchasing an additional 392,115 shares during the last quarter. Boston Partners grew its stake in shares of Brooks Automation by 3.0% in the third quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after purchasing an additional 56,126 shares during the last quarter. State Street Corp grew its stake in shares of Brooks Automation by 2.2% in the second quarter. State Street Corp now owns 1,673,763 shares of the semiconductor company’s stock worth $36,310,000 after purchasing an additional 36,513 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Brooks Automation by 16.1% in the third quarter. Macquarie Group Ltd. now owns 959,497 shares of the semiconductor company’s stock worth $29,130,000 after purchasing an additional 133,234 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Brooks Automation by 101.4% in the third quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock worth $17,899,000 after purchasing an additional 296,797 shares during the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

In other Brooks Automation news, CEO Stephen S. Schwartz sold 8,667 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $292,944.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Jarzynka sold 10,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president now directly owns 30,638 shares of the company’s stock, valued at approximately $708,350.56. The disclosure for this sale can be found here. Insiders sold a total of 76,258 shares of company stock valued at $2,226,732 in the last ninety days. 2.36% of the stock is currently owned by insiders.

BRKS has been the topic of several research reports. BidaskClub raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Citigroup lifted their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Stephens assumed coverage on Brooks Automation in a research report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 price target on the stock. B. Riley reissued a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a research report on Monday, November 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $31.63.

Shares of Brooks Automation, Inc (NASDAQ:BRKS) opened at $26.13 on Wednesday. The company has a market capitalization of $1,840.00, a price-to-earnings ratio of 29.36 and a beta of 0.93. Brooks Automation, Inc has a 12 month low of $16.74 and a 12 month high of $34.77.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, November 30th. Brooks Automation’s dividend payout ratio is currently 44.94%.

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Brooks Automation 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.

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

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