Brooks Automation Inc. (BRKS) Stock Price Up 1.2%
Shares of Brooks Automation Inc. (NASDAQ:BRKS) rose 1.2% during mid-day trading on Tuesday . The stock traded as high as $12.42 and last traded at $12.31, with a volume of 272,305 shares trading hands. The stock had previously closed at $12.17.
BRKS has been the topic of several research reports. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Credit Suisse Group AG restated a “sell” rating and set a $9.80 price objective on shares of Brooks Automation in a research note 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 note on Friday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.86.
The firm has a 50 day moving average price of $11.60 and a 200 day moving average price of $10.19. The company’s market cap is $841.25 million.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. During the same period in the prior year, the business posted $0.08 earnings per share. The business earned $135.30 million during the quarter, compared to analyst estimates of $135.41 million. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Wednesday, June 1st.
In other news, SVP William T. Montone sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $12.08, for a total value of $60,400.00. Following the sale, the senior vice president now directly owns 206,532 shares of the company’s stock, valued at $2,494,906.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jason Joseph sold 5,528 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $11.06, for a total value of $61,139.68. Following the completion of the sale, the vice president now directly owns 172,705 shares in the company, valued at $1,910,117.30. The disclosure for this sale can be found here.
Several large investors have modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Brooks Automation by 3.8% in the fourth quarter. Rhumbline Advisers now owns 113,792 shares of the company’s stock valued at $1,215,000 after buying an additional 4,145 shares in the last quarter. California Public Employees Retirement System increased its stake 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 valued at $2,044,000 after buying an additional 9,200 shares in the last quarter. Morgan Stanley increased its stake in shares of Brooks Automation by 160.8% in the fourth quarter. Morgan Stanley now owns 117,870 shares of the company’s stock valued at $1,260,000 after buying an additional 72,680 shares in the last quarter. Boston Partners increased its stake 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 valued at $11,245,000 after buying an additional 127,541 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake 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 valued at $18,263,000 after buying an additional 185,782 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.