BidaskClub upgraded shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.
Other analysts also recently issued reports about the stock. Janney Montgomery Scott upped their target price on shares of Brooks Automation from $30.00 to $35.00 and gave the stock a buy rating in a research report on Thursday, September 14th. B. Riley reissued a buy rating and set a $34.00 price objective on shares of Brooks Automation in a research report on Monday, November 13th. Citigroup increased their price objective on shares of Brooks Automation from $31.00 to $34.00 and gave the company a buy rating in a research report on Friday, November 10th. Stifel Nicolaus increased their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reissued a hold rating on shares of Brooks Automation in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $31.63.
Brooks Automation (BRKS) traded down $0.40 during trading hours on Tuesday, hitting $25.23. 691,111 shares of the stock were exchanged, compared to its average volume of 1,080,000. The stock has a market cap of $1,780.00, a P/E ratio of 28.35 and a beta of 0.93. Brooks Automation has a 12-month low of $16.74 and a 12-month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm had revenue of $181.88 million for the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. analysts predict that Brooks Automation will post 1.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is 44.94%.
In related news, SVP William T. Montone sold 2,257 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 $76,286.60. The sale was disclosed in a filing with the SEC, which can be accessed 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 sale, the vice president now directly owns 30,638 shares in the company, valued at $708,350.56. The disclosure for this sale can be found here. Insiders have sold a total of 76,258 shares of company stock worth $2,226,732 over the last three months. 2.36% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Brooks Automation during the 2nd quarter valued at about $104,000. Advisor Group Inc. bought a new position in Brooks Automation during the 2nd quarter valued at about $122,000. Riverhead Capital Management LLC lifted its stake in Brooks Automation by 49.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 1,897 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Brooks Automation by 6.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 348 shares during the period. Finally, Flinton Capital Management LLC lifted its stake in Brooks Automation by 49.3% during the 2nd quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 2,072 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.
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Brooks Automation Company 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.
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