Brooks Automation Inc. (BRKS) Stock Price Up 4.2%
Brooks Automation Inc. (NASDAQ:BRKS) rose 4.2% during mid-day trading on Friday . The stock traded as high as $12.95 and last traded at $12.87, with a volume of 217,994 shares. The stock had previously closed at $12.35.
BRKS has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $9.80 price target on shares of Brooks Automation in a research note on Friday, April 29th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.50 price target on shares of Brooks Automation in a research note on Thursday, June 2nd.
The company’s market capitalization is $847.00 million. The firm has a 50 day moving average of $12.23 and a 200-day moving average of $10.66.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $147.53 million for the quarter, compared to analysts’ expectations of $144.40 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts forecast that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 31st.
In related news, VP Jason Joseph sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $13.00, for a total transaction of $52,000.00. Following the transaction, the vice president now directly owns 165,755 shares of the company’s stock, valued at $2,154,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William T. Montone sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $12.08, for a total transaction of $60,400.00. Following the transaction, the senior vice president now directly owns 206,532 shares in the company, valued at $2,494,906.56. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Brooks Automation stock. Rhumbline Advisers increased its position in shares of Brooks Automation Inc. (NASDAQ:BRKS) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,792 shares of the company’s stock after buying an additional 4,145 shares during the period. Rhumbline Advisers owned about 0.18% of Brooks Automation worth $1,215,000 as of its most recent SEC filing.
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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