Brooks Automation, Inc (BRKS) Given Average Recommendation of “Hold” by Brokerages
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.
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.
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