Brooks Automation, Inc (BRKS) Receives Average Recommendation of “Buy” from Analysts

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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