BidaskClub Upgrades Brooks Automation (BRKS) to Strong-Buy

Brooks Automation (NASDAQ:BRKS) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, February 6th. Stephens reaffirmed a “buy” rating and set a $36.00 price objective on shares of Brooks Automation in a research note on Friday, February 2nd. B. Riley upped their price objective on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott set a $35.00 price objective on shares of Brooks Automation and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.88.

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BRKS stock opened at $27.84 on Tuesday. The company has a quick ratio of 2.56, a current ratio of 3.33 and a debt-to-equity ratio of 0.31. Brooks Automation has a one year low of $21.61 and a one year high of $34.77. The stock has a market cap of $1,960.76, a price-to-earnings ratio of 22.45 and a beta of 0.96.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The company had revenue of $189.33 million during the quarter, compared to analyst estimates of $184.48 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. sell-side analysts predict that Brooks Automation will post 1.41 EPS for the current year.

In other news, SVP William T. Montone sold 7,478 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $30.00, for a total value of $224,340.00. Following the completion of the sale, the senior vice president now directly owns 125,847 shares of the company’s stock, valued at $3,775,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William T. Montone sold 8,024 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $28.00, for a total transaction 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 sold 73,717 shares of company stock valued at $2,122,372 over the last three months. 2.36% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BRKS. Global X Management Co. LLC lifted its position in shares of Brooks Automation by 127.6% in the fourth quarter. Global X Management Co. LLC now owns 772,219 shares of the semiconductor company’s stock worth $18,417,000 after purchasing an additional 432,978 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Brooks Automation by 40.4% in the fourth quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock worth $35,270,000 after purchasing an additional 425,807 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Brooks Automation by 104.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 771,244 shares of the semiconductor company’s stock worth $18,394,000 after purchasing an additional 393,416 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Brooks Automation by 74.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 882,810 shares of the semiconductor company’s stock worth $21,055,000 after purchasing an additional 377,435 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Brooks Automation by 441.6% in the fourth quarter. Jennison Associates LLC now owns 392,147 shares of the semiconductor company’s stock worth $9,353,000 after purchasing an additional 319,747 shares in the last quarter. 90.22% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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