Brooks Automation Inc. (BRKS) Sets New 12-Month High at $12.07
Brooks Automation Inc. (NASDAQ:BRKS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.07 and last traded at $12.05, with a volume of 106,128 shares trading hands. The stock had previously closed at $11.79.
Several research firms recently commented on BRKS. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Credit Suisse Group AG reiterated an “underperform” rating and issued a $10.00 price target on shares of Brooks Automation in a research note on Wednesday, March 16th. Finally, B. Riley reiterated a “buy” rating and issued a $16.50 price target on shares of Brooks Automation in a research note on Wednesday, May 4th. One equities 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.86.
The firm has a 50-day moving average of $11.42 and a 200-day moving average of $10.14. The stock’s market cap is $802.77 million.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, April 28th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business earned $135.30 million during the quarter, compared to analysts’ expectations of $135.41 million. During the same quarter in the previous year, the business earned $0.08 EPS. Brooks Automation’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts predict that Brooks Automation Inc. will post $0.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were paid a $0.10 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.31%.
In other news, VP Jason Joseph sold 3,000 shares of Brooks Automation 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 transaction, the vice president now owns 178,233 shares in the company, valued at $2,049,679.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have modified their holdings of the company. 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 worth $1,215,000 after buying an additional 4,145 shares during the period. 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 worth $1,260,000 after buying an additional 72,680 shares during the period. 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 worth $2,044,000 after buying an additional 9,200 shares during the period. Polaris Capital Management LLC increased its stake 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. Finally, Russell Frank Co increased its stake in shares of 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 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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