Brooks Automation (BRKS) Upgraded by BidaskClub to Strong-Buy

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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