Shares of Brooks Automation, Inc (NASDAQ:BRKS) have earned an average recommendation of “Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.57.
BRKS has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. Citigroup increased their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Stephens initiated coverage on shares of Brooks Automation in a research note on Thursday, December 21st. They issued an “overweight” rating and a $32.00 price target for the company. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, February 6th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a research report on Monday, November 13th.
In related news, CFO Lindon G. Robertson sold 13,212 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $29.00, for a total transaction of $383,148.00. Following the transaction, the chief financial officer now directly owns 158,320 shares of the company’s stock, valued at $4,591,280. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William T. Montone sold 8,024 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction of $224,672.00. Following the transaction, the senior vice president now directly owns 133,325 shares in the company, valued at $3,733,100. The disclosure for this sale can be found here. Insiders sold 41,236 shares of company stock worth $1,119,020 over the last three months. Insiders own 2.36% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BRKS. Mesirow Financial Investment Management Equity Management acquired a new stake in Brooks Automation during the third quarter worth about $15,902,000. Global X Management Co. LLC grew its stake in Brooks Automation by 127.6% during the fourth quarter. Global X Management Co. LLC now owns 772,219 shares of the semiconductor company’s stock worth $18,417,000 after buying an additional 432,978 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Brooks Automation by 40.4% during the fourth quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock worth $35,270,000 after buying an additional 425,807 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Brooks Automation by 104.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 771,244 shares of the semiconductor company’s stock valued at $18,394,000 after purchasing an additional 393,416 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Brooks Automation by 74.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 882,810 shares of the semiconductor company’s stock valued at $21,055,000 after purchasing an additional 377,435 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Brooks Automation (BRKS) traded down $0.48 on Tuesday, reaching $26.11. 828,300 shares of the company traded hands, compared to its average volume of 1,094,827. Brooks Automation has a fifty-two week low of $20.48 and a fifty-two week high of $34.77. The firm has a market capitalization of $1,840.00, a PE ratio of 28.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.33 and a quick ratio of 2.56.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $184.48 million. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. equities research analysts predict that Brooks Automation will post 1.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 1st. Brooks Automation’s payout ratio is presently 43.48%.
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Brooks Automation Company Profile
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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