Brooks Automation Inc. (BRKS) Reaches New 12-Month High at $13.21
Brooks Automation Inc. (NASDAQ:BRKS) shares reached a new 52-week high on Wednesday . The stock traded as high as $13.21 and last traded at $13.15, with a volume of 134,674 shares. The stock had previously closed at $13.05.
Several research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $16.00 price target on shares of Brooks Automation in a research report on Friday, July 29th. Needham & Company LLC boosted their price target on Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Janney Montgomery Scott assumed coverage on Brooks Automation in a research report on Tuesday, September 13th. They set a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.85.
The company has a 50-day moving average of $12.59 and a 200 day moving average of $11.20. The firm’s market capitalization is $866.17 million.
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Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $147.53 million for the quarter, compared to analyst estimates of $144.40 million. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Analysts anticipate that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.40 annualized dividend and a yield of 3.07%. Brooks Automation’s payout ratio is currently -37.38%.
In other Brooks Automation news, SVP William T. Montone sold 5,000 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $12.08, for a total value of $60,400.00. Following the transaction, the senior vice president now owns 206,532 shares in the company, valued at $2,494,906.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jason Joseph sold 5,528 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $11.06, for a total value of $61,139.68. Following the completion of the transaction, the vice president now owns 172,705 shares in the company, valued at approximately $1,910,117.30. The disclosure for this sale can be found here. 2.15% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of Brooks Automation by 381.1% in the second quarter. Riverhead Capital Management LLC now owns 9,020 shares of the company’s stock valued at $338,000 after buying an additional 7,145 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Brooks Automation by 15.9% in the second quarter. Teacher Retirement System of Texas now owns 9,545 shares of the company’s stock valued at $107,000 after buying an additional 1,313 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Brooks Automation during the second quarter valued at about $114,000. Paloma Partners Management Co purchased a new position in shares of Brooks Automation during the second quarter valued at about $139,000. Finally, Genesee Valley Trust Co. increased its stake in shares of Brooks Automation by 8.5% in the second quarter. Genesee Valley Trust Co. now owns 12,745 shares of the company’s stock valued at $143,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.
About Brooks Automation
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.
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