BidaskClub upgraded shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a strong-buy rating in a research note released on Saturday, March 17th.
Several other research firms also recently weighed in on BRKS. Stephens initiated coverage on Brooks Automation in a research note on Thursday, December 21st. They set an overweight rating and a $32.00 price target for the company. Zacks Investment Research upgraded 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. B. Riley increased their price target on Brooks Automation from $34.00 to $38.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the stock a buy rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $32.88.
NASDAQ:BRKS traded down $0.52 during trading on Friday, reaching $25.70. The company’s stock had a trading volume of 579,788 shares, compared to its average volume of 545,448. The company has a market capitalization of $1,810.05, a PE ratio of 21.24 and a beta of 0.96. 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 has a 12 month low of $21.17 and a 12 month high of $34.77.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (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 the consensus estimate of $184.48 million. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. sell-side analysts anticipate that Brooks Automation will post 1.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. Brooks Automation’s payout ratio is currently 32.26%.
In other Brooks Automation news, 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 value of $224,672.00. Following the sale, the senior vice president now owns 133,325 shares of the company’s stock, valued at approximately $3,733,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen S. Schwartz sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the transaction, the chief executive officer now directly owns 620,264 shares in the company, valued at $18,626,527.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,289 shares of company stock worth $2,028,102. Insiders own 2.36% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC grew its position in Brooks Automation by 127.6% during the 4th quarter. Global X Management Co. LLC now owns 772,219 shares of the semiconductor company’s stock worth $18,417,000 after acquiring an additional 432,978 shares during the last quarter. Glenmede Trust Co. NA grew its position 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 worth $35,270,000 after buying an additional 425,807 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 worth $18,394,000 after buying an additional 393,416 shares during the last quarter. Westwood Holdings Group Inc. grew its position 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 worth $21,055,000 after buying an additional 377,435 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Brooks Automation by 441.6% in the 4th quarter. Jennison Associates LLC now owns 392,147 shares of the semiconductor company’s stock worth $9,353,000 after buying an additional 319,747 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors.
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Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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