Brooks Automation (NASDAQ:BRKS) Downgraded by BidaskClub to Hold

Brooks Automation (NASDAQ:BRKS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

A number of other equities research analysts have also issued reports on the company. ValuEngine upgraded Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Brooks Automation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus increased their target price on Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.17.

BRKS stock opened at $39.02 on Tuesday. The company has a quick ratio of 2.25, a current ratio of 2.86 and a debt-to-equity ratio of 0.73. Brooks Automation has a 1 year low of $23.02 and a 1 year high of $42.17. The stock has a market capitalization of $2.88 billion, a PE ratio of 41.63 and a beta of 1.41.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. The business had revenue of $198.00 million during the quarter, compared to analyst estimates of $193.24 million. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. Equities analysts predict that Brooks Automation will post 0.77 earnings per share for the current year.

In other Brooks Automation news, SVP William T. Montone sold 1,692 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $38.06, for a total transaction of $64,397.52. Following the completion of the sale, the senior vice president now owns 109,809 shares in the company, valued at approximately $4,179,330.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Jarzynka sold 2,577 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $38.95, for a total value of $100,374.15. Following the sale, the vice president now owns 92,894 shares of the company’s stock, valued at approximately $3,618,221.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,163 shares of company stock valued at $1,072,529. 2.45% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BRKS. Kayne Anderson Rudnick Investment Management LLC raised its stake in Brooks Automation by 11.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,470,432 shares of the semiconductor company’s stock valued at $101,788,000 after acquiring an additional 354,317 shares in the last quarter. Marshall Wace North America L.P. raised its stake in Brooks Automation by 43.7% during the 1st quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 850 shares in the last quarter. FMR LLC raised its stake in Brooks Automation by 226.6% during the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock valued at $40,999,000 after acquiring an additional 969,851 shares in the last quarter. Daruma Capital Management LLC bought a new stake in Brooks Automation during the 1st quarter valued at $20,542,000. Finally, Macquarie Group Ltd. raised its stake in Brooks Automation by 13.3% during the 1st quarter. Macquarie Group Ltd. now owns 1,936,244 shares of the semiconductor company’s stock valued at $56,790,000 after acquiring an additional 227,722 shares in the last quarter. Hedge funds and other institutional investors own 98.54% of the company’s stock.

About Brooks Automation

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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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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