Brooks Automation (NASDAQ:BRKS) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday, January 9th.
A number of other equities research analysts also recently weighed in on the company. Needham & Company LLC downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. They noted that the move was a valuation call. Citigroup boosted their target price on Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Stephens began coverage on Brooks Automation in a report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 target price on the stock. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Janney Montgomery Scott boosted their price objective 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. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.63.
Brooks Automation (NASDAQ BRKS) traded up $0.97 during trading on Tuesday, hitting $27.10. The stock had a trading volume of 666,131 shares, compared to its average volume of 758,318. The company has a market capitalization of $1,910.00, a price-to-earnings ratio of 30.45 and a beta of 0.93. Brooks Automation has a twelve month low of $16.76 and a twelve month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The firm had revenue of $181.88 million for the quarter, compared to analyst estimates of $174.66 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. equities analysts expect that Brooks Automation will post 1.33 EPS for the current year.
In related news, VP David Jarzynka sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total value of $231,200.00. Following the completion of the sale, the vice president now directly owns 30,638 shares in the company, valued at approximately $708,350.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen S. Schwartz sold 27,915 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $28.55, for a total transaction of $796,973.25. Following the completion of the transaction, the chief executive officer now directly owns 661,852 shares in the company, valued at $18,895,874.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,258 shares of company stock valued at $2,226,732. 2.36% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in BRKS. Quantbot Technologies LP bought a new position in Brooks Automation in the 2nd quarter valued at about $104,000. Advisor Group Inc. bought a new position in shares of Brooks Automation during the second quarter worth approximately $122,000. Riverhead Capital Management LLC increased its holdings in shares of Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,897 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Brooks Automation by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after purchasing an additional 348 shares during the period. Finally, Flinton Capital Management LLC increased its holdings in shares of Brooks Automation by 49.3% during the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 2,072 shares during the period. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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