Brooks Automation Inc. (BRKS) Given Average Rating of “Buy” by Analysts
Shares of Brooks Automation Inc. (NASDAQ:BRKS) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.46.
A number of equities analysts have weighed in on the company. Citigroup Inc. decreased their target price on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating for the company in a research report on Monday, September 12th. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Brooks Automation in a research report on Friday, July 29th. Janney Montgomery Scott assumed coverage on Brooks Automation in a research report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 target price for the company. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Finally, Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.
Brooks Automation (NASDAQ:BRKS) traded down 0.931% during trading on Monday, hitting $13.305. 87,254 shares of the stock were exchanged. The firm’s market capitalization is $879.73 million. Brooks Automation has a 1-year low of $8.33 and a 1-year high of $13.96. The company has a 50-day moving average price of $13.15 and a 200 day moving average price of $11.64.
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Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The business earned $147.53 million during the quarter, compared to analyst estimates of $144.40 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Brooks Automation’s revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Brooks Automation will post $0.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.98%. Brooks Automation’s dividend payout ratio (DPR) is presently -37.38%.
In related news, insider David C. Gray sold 6,441 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $12.74, for a total transaction of $82,058.34. Following the completion of the transaction, the insider now directly owns 138,834 shares in the company, valued at approximately $1,768,745.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William T. Montone sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $12.50, for a total value of $62,500.00. Following the transaction, the senior vice president now owns 201,532 shares of the company’s stock, valued at $2,519,150. The disclosure for this sale can be found here. Corporate insiders own 2.15% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in shares of Brooks Automation by 2.0% in the first quarter. BlackRock Fund Advisors now owns 4,266,015 shares of the company’s stock worth $44,367,000 after buying an additional 85,534 shares during the period. Kennedy Capital Management Inc. increased its position in shares of Brooks Automation by 19.6% in the first quarter. Kennedy Capital Management Inc. now owns 348,387 shares of the company’s stock worth $3,623,000 after buying an additional 57,078 shares during the period. Prudential Financial Inc. increased its position in shares of Brooks Automation by 28.9% in the first quarter. Prudential Financial Inc. now owns 228,968 shares of the company’s stock worth $2,382,000 after buying an additional 51,400 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Brooks Automation during the first quarter worth about $155,000. Finally, Granahan Investment Management Inc. MA increased its position in shares of Brooks Automation by 7.8% in the first quarter. Granahan Investment Management Inc. MA now owns 2,849,214 shares of the company’s stock worth $29,632,000 after buying an additional 206,530 shares during the period. Institutional investors own 92.07% 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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