Brooks Automation Inc. (BRKS) Sets New 1-Year High at $12.07
Brooks Automation Inc. (NASDAQ:BRKS) hit a new 52-week high on Tuesday . The company traded as high as $12.07 and last traded at $12.05, with a volume of 106,128 shares changing hands. The stock had previously closed at $11.79.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. B. Riley reiterated a “buy” rating and set a $16.50 price objective on shares of Brooks Automation in a report on Tuesday, June 7th. Finally, Credit Suisse Group AG reiterated a “sell” rating and set a $9.80 price objective on shares of Brooks Automation in a report on Friday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Brooks Automation has a consensus rating of “Hold” and a consensus target price of $12.86.
The company’s 50-day moving average price is $11.31 and its 200-day moving average price is $10.11. The firm’s market cap is $804.76 million.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The firm earned $135.30 million during the quarter, compared to analysts’ expectations of $135.41 million. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. On average, analysts expect that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Wednesday, June 1st.
In related news, VP Jason Joseph sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $11.50, for a total value of $34,500.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and institutional investors recently bought and sold shares of BRKS. Polaris Capital Management LLC boosted its position in 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 last quarter. Russell Frank Co boosted its position in Brooks Automation by 23.2% in the fourth quarter. Russell Frank Co now owns 1,019,477 shares of the company’s stock worth $11,164,000 after buying an additional 192,300 shares during the last quarter. Victory Capital Management Inc. boosted its position in 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 last quarter. Boston Partners boosted its position in 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 last quarter. Finally, Morgan Stanley boosted its position in 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 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.
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