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 report released on Tuesday morning.

BRKS has been the subject of a number of other reports. B. Riley reiterated a buy rating and set a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Stifel Nicolaus upped their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a buy rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Janney Montgomery Scott upped their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a buy rating in a report on Thursday, September 14th. Finally, Stephens initiated coverage on shares of Brooks Automation in a report on Thursday, December 21st. They set an overweight rating and a $32.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $31.63.

Shares of Brooks Automation (BRKS) traded down $0.40 on Tuesday, hitting $25.23. 691,111 shares of the stock were exchanged, compared to its average volume of 1,080,000. The company has a market cap of $1,780.00, a price-to-earnings ratio of 28.35 and a beta of 0.93. Brooks Automation has a 1 year low of $16.74 and a 1 year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data 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. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The firm had revenue of $181.88 million during the quarter, compared to analyst estimates of $174.66 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. analysts expect that Brooks Automation will post 1.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. Brooks Automation’s dividend payout ratio is currently 44.94%.

In other Brooks Automation news, VP David Jarzynka sold 2,476 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $83,688.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William T. Montone sold 2,257 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $76,286.60. The disclosure for this sale can be found here. Insiders have sold a total of 76,258 shares of company stock valued at $2,226,732 over the last quarter. 2.36% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the period. Boston Partners grew its position in shares of Brooks Automation by 3.0% in the 3rd quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after buying an additional 56,126 shares during the period. State Street Corp grew its position in shares of Brooks Automation by 2.2% in the 2nd quarter. State Street Corp now owns 1,673,763 shares of the semiconductor company’s stock worth $36,310,000 after buying an additional 36,513 shares during the period. Royce & Associates LP grew its position in shares of Brooks Automation by 9.0% in the 3rd quarter. Royce & Associates LP now owns 1,378,309 shares of the semiconductor company’s stock worth $41,845,000 after buying an additional 113,300 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Brooks Automation by 16.1% in the 3rd quarter. Macquarie Group Ltd. now owns 959,497 shares of the semiconductor company’s stock worth $29,130,000 after buying an additional 133,234 shares during the period. 89.85% of the stock is currently owned by institutional investors and hedge funds.

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About Brooks Automation

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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