Brooks Automation, Inc (NASDAQ:BRKS) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.40.

BRKS has been the subject of several research reports. ValuEngine downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Janney Montgomery Scott lifted their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Needham & Company LLC downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Citigroup lifted their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th.

Shares of Brooks Automation (BRKS) traded up $0.14 during mid-day trading on Thursday, hitting $23.15. 1,336,900 shares of the stock traded hands, compared to its average volume of 705,959. The firm has a market cap of $1,617.80, a P/E ratio of 20.92 and a beta of 0.93. Brooks Automation has a one year low of $16.16 and a one year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The company had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. analysts forecast that Brooks Automation will post 1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s payout ratio is currently 44.44%.

In other Brooks Automation news, VP David Jarzynka sold 2,476 shares of Brooks Automation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $83,688.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jason Joseph sold 5,159 shares of Brooks Automation stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the transaction, the vice president now directly owns 104,699 shares in the company, valued at $2,989,156.45. The disclosure for this sale can be found here. Insiders have sold a total of 66,258 shares of company stock worth $1,995,532 over the last ninety days. Insiders own 2.24% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pura Vida Investments LLC purchased a new position in Brooks Automation during the 3rd quarter worth $2,884,000. Insight Capital Research & Management Inc. purchased a new position in Brooks Automation during the 3rd quarter worth $2,386,000. California Public Employees Retirement System boosted its holdings in Brooks Automation by 8.7% during the 3rd quarter. California Public Employees Retirement System now owns 168,541 shares of the semiconductor company’s stock worth $5,117,000 after acquiring an additional 13,441 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Brooks Automation by 43.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,718 shares of the semiconductor company’s stock worth $477,000 after acquiring an additional 4,794 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Brooks Automation during the 3rd quarter worth $2,014,000. 90.15% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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