ValuEngine downgraded shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a hold rating in a research note released on Wednesday.
Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Brooks Automation from a buy rating to a strong-buy rating in a research note on Wednesday, June 20th. Citigroup raised their price objective on shares of Brooks Automation from $31.00 to $37.00 and gave the stock a buy rating in a report on Friday, July 13th. Stephens restated a buy rating and set a $35.00 price objective on shares of Brooks Automation in a report on Tuesday, August 7th. Finally, Janney Montgomery Scott restated a buy rating and set a $56.00 price objective (up from $40.00) on shares of Brooks Automation in a report on Tuesday, August 28th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Brooks Automation currently has an average rating of Buy and an average target price of $39.71.
BRKS opened at $33.79 on Wednesday. Brooks Automation has a one year low of $21.75 and a one year high of $39.75. The company has a current ratio of 3.29, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.27 billion, a PE ratio of 27.25 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Monday, August 6th. The semiconductor company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The business had revenue of $223.48 million for the quarter, compared to analysts’ expectations of $218.98 million. During the same period in the prior year, the firm earned $0.36 earnings per share. Brooks Automation’s revenue was up 23.0% compared to the same quarter last year. equities analysts anticipate that Brooks Automation will post 1.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. Brooks Automation’s payout ratio is 32.26%.
In other Brooks Automation news, CFO Lindon G. Robertson sold 13,042 shares of Brooks Automation stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total value of $508,638.00. Following the sale, the chief financial officer now directly owns 136,642 shares in the company, valued at approximately $5,329,038. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Joseph sold 1,965 shares of Brooks Automation stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now owns 86,868 shares in the company, valued at $3,300,984. The disclosure for this sale can be found here. Company insiders own 2.36% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in shares of Brooks Automation by 57.3% in the first quarter. Wells Fargo & Company MN now owns 853,161 shares of the semiconductor company’s stock worth $23,104,000 after purchasing an additional 310,665 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Brooks Automation in the first quarter worth about $678,000. Swiss National Bank raised its stake in shares of Brooks Automation by 4.0% in the first quarter. Swiss National Bank now owns 121,500 shares of the semiconductor company’s stock worth $3,290,000 after purchasing an additional 4,700 shares during the last quarter. State of Wisconsin Investment Board purchased a new position in shares of Brooks Automation in the first quarter worth about $1,219,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Brooks Automation by 8.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 467,273 shares of the semiconductor company’s stock worth $12,654,000 after purchasing an additional 35,180 shares during the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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