Brooks Automation (NASDAQ:BRKS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.
BRKS has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Stifel Nicolaus raised their price target on 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 cut Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Stephens started coverage on Brooks Automation in a report on Thursday, December 21st. They set an “overweight” rating and a $32.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.88.
Brooks Automation (BRKS) opened at $26.35 on Friday. The company has a current ratio of 3.33, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1,860.00, a P/E ratio of 28.96 and a beta of 0.95. Brooks Automation has a 52-week low of $20.48 and a 52-week high of $34.77.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million during the quarter, compared to the consensus estimate of $184.48 million. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. Brooks Automation’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. analysts forecast that Brooks Automation will post 1.4 earnings per share for the current fiscal year.
In other news, VP David Jarzynka sold 10,000 shares of Brooks Automation stock in a transaction on Wednesday, December 6th. The stock was 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 of the company’s stock, valued at approximately $708,350.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William T. Montone sold 8,024 shares of Brooks Automation stock in a transaction on Friday, January 19th. The shares were sold at an average price of $28.00, for a total value of $224,672.00. Following the completion of the sale, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at $3,733,100. The disclosure for this sale can be found here. Insiders have sold a total of 48,811 shares of company stock valued at $1,322,712 over the last ninety days. Insiders own 2.36% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Brooks Automation by 1.0% in the 4th quarter. BlackRock Inc. now owns 8,943,161 shares of the semiconductor company’s stock valued at $213,296,000 after buying an additional 86,294 shares during the period. Boston Partners increased its stake in shares of Brooks Automation by 5.9% in the 4th quarter. Boston Partners now owns 2,016,375 shares of the semiconductor company’s stock valued at $48,091,000 after buying an additional 112,101 shares during the period. State Street Corp increased its stake 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 valued at $36,310,000 after buying an additional 36,513 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Brooks Automation by 40.4% in the 4th quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock valued at $35,270,000 after buying an additional 425,807 shares during the period. Finally, Royce & Associates LP increased its stake 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 valued at $41,845,000 after buying an additional 113,300 shares during the period. 85.63% of the stock is owned by institutional investors.
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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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