Brooks Automation, Inc (NASDAQ:BRKS) has been assigned an average recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.17.
BRKS has been the topic of several research reports. Stifel Nicolaus upped their target price on Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st.
In other Brooks Automation news, Director Alfred Woollacott III sold 4,355 shares of Brooks Automation stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total value of $169,540.15. Following the sale, the director now owns 84,736 shares of the company’s stock, valued at approximately $3,298,772.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William T. Montone sold 4,539 shares of Brooks Automation stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $34.54, for a total value of $156,777.06. Following the completion of the sale, the senior vice president now directly owns 113,809 shares in the company, valued at approximately $3,930,962.86. The disclosure for this sale can be found here. Insiders sold a total of 30,163 shares of company stock worth $1,072,529 in the last three months. Company insiders own 2.45% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Brooks Automation by 8.2% during the 3rd quarter. Morgan Stanley now owns 266,849 shares of the semiconductor company’s stock valued at $9,348,000 after purchasing an additional 20,316 shares during the period. Vanguard Group Inc. boosted its position in Brooks Automation by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,208,353 shares of the semiconductor company’s stock valued at $252,508,000 after purchasing an additional 387,119 shares during the period. Federated Investors Inc. PA boosted its position in Brooks Automation by 104,207.7% during the 3rd quarter. Federated Investors Inc. PA now owns 996,139 shares of the semiconductor company’s stock valued at $34,895,000 after purchasing an additional 995,184 shares during the period. State of Alaska Department of Revenue boosted its position in Brooks Automation by 3.3% during the 4th quarter. State of Alaska Department of Revenue now owns 23,997 shares of the semiconductor company’s stock valued at $628,000 after purchasing an additional 765 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in Brooks Automation by 11.6% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,770 shares of the semiconductor company’s stock valued at $648,000 after purchasing an additional 2,582 shares during the period. 98.54% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation stock traded up $0.67 during trading hours on Thursday, hitting $35.74. The stock had a trading volume of 23,184 shares, compared to its average volume of 609,909. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.25 and a current ratio of 2.86. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 55.93 and a beta of 1.41. Brooks Automation has a 1-year low of $23.02 and a 1-year high of $40.21.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $198.00 million for the quarter, compared to analyst estimates of $193.24 million. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. Brooks Automation’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, sell-side analysts forecast that Brooks Automation will post 0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, June 6th. Brooks Automation’s dividend payout ratio is 62.50%.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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