Brooks Automation, Inc (NASDAQ:BRKS) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $39.17.
BRKS has been the topic of several recent research reports. BidaskClub raised Brooks Automation from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised Brooks Automation from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their target price on Brooks Automation from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th.
In other news, SVP Jason Joseph sold 6,000 shares of Brooks Automation stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $29.81, for a total value of $178,860.00. Following the completion of the transaction, the senior vice president now directly owns 85,661 shares of the company’s stock, valued at approximately $2,553,554.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP William T. Montone sold 4,539 shares of Brooks Automation stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $34.54, for a total value of $156,777.06. Following the completion of the transaction, the senior vice president now directly owns 113,809 shares of the company’s stock, valued at $3,930,962.86. The disclosure for this sale can be found here. Insiders have sold a total of 33,163 shares of company stock worth $1,173,029 over the last ninety days. Company insiders own 2.45% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in shares of Brooks Automation in the 4th quarter worth about $27,000. First Manhattan Co. bought a new stake in Brooks Automation in the 4th quarter valued at about $47,000. Marshall Wace North America L.P. increased its position in Brooks Automation by 43.7% in the 1st quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 850 shares in the last quarter. First Mercantile Trust Co. increased its position in Brooks Automation by 19.5% in the 4th quarter. First Mercantile Trust Co. now owns 3,430 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 560 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in Brooks Automation in the 1st quarter valued at about $107,000. 98.54% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ BRKS traded down $0.52 during mid-day trading on Thursday, hitting $37.43. 509,115 shares of the stock traded hands, compared to its average volume of 659,130. The company has a quick ratio of 2.25, a current ratio of 2.86 and a debt-to-equity ratio of 0.73. Brooks Automation has a twelve month low of $23.02 and a twelve month high of $40.21. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 58.48 and a beta of 1.41.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data 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. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. The company had revenue of $198.00 million for the quarter, compared to the consensus estimate of $193.24 million. During the same quarter last year, the business posted $0.40 EPS. Brooks Automation’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, research analysts anticipate that Brooks Automation will post 0.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, June 6th. Brooks Automation’s payout ratio is presently 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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