Brooks Automation Inc. (BRKS) Trading Up 1.2%
Brooks Automation Inc. (NASDAQ:BRKS) shares were up 1.2% on Tuesday . The company traded as high as $12.42 and last traded at $12.31, with a volume of 272,305 shares changing hands. The stock had previously closed at $12.17.
A number of research analysts recently weighed in on BRKS shares. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Credit Suisse Group AG restated a “sell” rating and set a $9.80 price objective on shares of Brooks Automation in a research report on Friday, April 29th. Finally, B. Riley restated a “buy” rating and set a $16.50 price objective on shares of Brooks Automation in a research report on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Brooks Automation has a consensus rating of “Hold” and a consensus target price of $12.86.
The firm’s market cap is $808.75 million. The firm has a 50-day moving average of $11.53 and a 200-day moving average of $10.16.
Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, April 28th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. During the same period last year, the business earned $0.08 EPS. The firm earned $135.30 million during the quarter, compared to analyst estimates of $135.41 million. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that Brooks Automation Inc. will post $0.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were issued a $0.10 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $0.40 annualized dividend and a yield of 3.29%.
In related news, VP Jason Joseph sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $11.50, for a total value of $34,500.00. Following the sale, the vice president now owns 178,233 shares of the company’s stock, valued at $2,049,679.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Several institutional investors have made changes to their positions in the company. Polaris Capital Management LLC raised its position in shares of Brooks Automation by 54.6% in the fourth quarter. Polaris Capital Management LLC now owns 843,419 shares of the company’s stock worth $9,008,000 after buying an additional 297,960 shares during the period. Victory Capital Management Inc. raised its position in shares of Brooks Automation by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,710,037 shares of the company’s stock worth $18,263,000 after buying an additional 185,782 shares during the period. Boston Partners raised its position in shares of Brooks Automation by 13.8% in the fourth quarter. Boston Partners now owns 1,052,876 shares of the company’s stock worth $11,245,000 after buying an additional 127,541 shares during the period. Morgan Stanley raised its position in shares of Brooks Automation by 160.8% in the fourth quarter. Morgan Stanley now owns 117,870 shares of the company’s stock worth $1,260,000 after buying an additional 72,680 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Brooks Automation by 5.0% in the fourth quarter. California Public Employees Retirement System now owns 191,400 shares of the company’s stock worth $2,044,000 after buying an additional 9,200 shares during the period.
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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