Commonwealth Equity Services LLC grew its holdings in Brooks Automation, Inc (NASDAQ:BRKS) by 22.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,724 shares of the semiconductor company’s stock after buying an additional 2,677 shares during the period. Commonwealth Equity Services LLC’s holdings in Brooks Automation were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Brooks Automation during the third quarter valued at $397,000. MML Investors Services LLC acquired a new position in shares of Brooks Automation in the third quarter valued at approximately $475,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Brooks Automation by 13.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,864 shares of the semiconductor company’s stock valued at $591,000 after purchasing an additional 1,943 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Brooks Automation by 2.9% during the 3rd quarter. Alliancebernstein L.P. now owns 110,925 shares of the semiconductor company’s stock worth $3,886,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Brooks Automation by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,953,453 shares of the semiconductor company’s stock worth $68,429,000 after acquiring an additional 37,547 shares in the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.
BRKS traded down $0.11 during trading on Friday, reaching $31.70. The company had a trading volume of 343,859 shares, compared to its average volume of 425,432. The stock has a market capitalization of $2.25 billion, a P/E ratio of 49.53 and a beta of 1.31. Brooks Automation, Inc has a 12-month low of $23.02 and a 12-month high of $39.75. The company has a current ratio of 2.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.73.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.10 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.26%. Brooks Automation’s dividend payout ratio (DPR) is currently 62.50%.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Brooks Automation from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research raised shares of Brooks Automation from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $37.00.
In other news, insider Maurice H. Tenney sold 10,204 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $32.51, for a total transaction of $331,732.04. Following the sale, the insider now directly owns 136,556 shares in the company, valued at $4,439,435.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jason Joseph sold 6,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $29.81, for a total value of $178,860.00. Following the completion of the sale, the senior vice president now owns 85,661 shares in the company, valued at $2,553,554.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,704 shares of company stock valued at $946,342. Corporate insiders own 2.45% of the company’s stock.
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Brooks Automation 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.
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