Brooks Automation Inc. (BRKS) Stock Price Up 4.2%
Brooks Automation Inc. (NASDAQ:BRKS) shares rose 4.2% during trading on Friday . The company traded as high as $12.95 and last traded at $12.87, with a volume of 217,994 shares traded. The stock had previously closed at $12.35.
BRKS has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $16.50 price target on shares of Brooks Automation in a research report on Tuesday, June 7th. Needham & Company LLC raised their price objective on Brooks Automation from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $9.80 price objective on shares of Brooks Automation in a research note on Friday, April 29th. Finally, Zacks Investment Research raised Brooks Automation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, June 24th.
The company’s 50 day moving average price is $12.18 and its 200 day moving average price is $10.63. The stock’s market cap is $850.96 million.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $147.53 million for the quarter, compared to analysts’ expectations of $144.40 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Brooks Automation Inc. will post $0.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.24%.
In other news, VP Jason Joseph sold 3,000 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $11.50, for a total transaction of $34,500.00. Following the transaction, the vice president now owns 178,233 shares of the company’s stock, valued at approximately $2,049,679.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William T. Montone sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $12.50, for a total value of $62,500.00. Following the transaction, the senior vice president now directly owns 201,532 shares in the company, valued at approximately $2,519,150. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Brooks Automation stock. Rhumbline Advisers raised its position in Brooks Automation Inc. (NASDAQ:BRKS) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,792 shares of the company’s stock after buying an additional 4,145 shares during the period. Rhumbline Advisers owned approximately 0.18% of Brooks Automation worth $1,215,000 as of its most recent filing with the SEC.
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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