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.
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