Brooks Automation (BRKS) Lifted to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.
Other equities research analysts have also recently issued reports about the company. Needham & Company LLC cut Brooks Automation from a buy rating to a hold rating in a research note on Monday, September 18th. They noted that the move was a valuation call. Citigroup boosted their price objective on Brooks Automation from $31.00 to $34.00 and gave the stock a buy rating in a research note on Friday, November 10th. Stephens began coverage on Brooks Automation in a research note on Thursday, December 21st. They set an overweight rating and a $32.00 price objective on the stock. Zacks Investment Research cut Brooks Automation from a buy rating to a hold rating in a research note on Friday, November 10th. Finally, Janney Montgomery Scott boosted their price objective on Brooks Automation from $30.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, September 14th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $31.63.
Shares of Brooks Automation (NASDAQ:BRKS) opened at $26.02 on Tuesday. Brooks Automation has a twelve month low of $16.74 and a twelve month high of $34.77. The stock has a market capitalization of $1,807.16, a PE ratio of 23.33 and a beta of 0.93.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The company had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. equities analysts predict that Brooks Automation will post 1.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Brooks Automation’s dividend payout ratio (DPR) is presently 44.44%.
In other Brooks Automation news, insider David C. Gray sold 2,394 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $80,917.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Jarzynka sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total value of $231,200.00. Following the transaction, the vice president now owns 30,638 shares of the company’s stock, valued at approximately $708,350.56. The disclosure for this sale can be found here. Insiders have sold 76,258 shares of company stock valued at $2,226,732 in the last 90 days. Company insiders own 2.36% of the company’s stock.
Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new position in shares of Brooks Automation during the second quarter valued at approximately $1,376,000. California Public Employees Retirement System boosted its position in shares of Brooks Automation by 4.7% during the second quarter. California Public Employees Retirement System now owns 155,100 shares of the semiconductor company’s stock valued at $3,364,000 after buying an additional 6,900 shares during the period. AHL Partners LLP boosted its position in shares of Brooks Automation by 259.3% during the second quarter. AHL Partners LLP now owns 121,089 shares of the semiconductor company’s stock valued at $2,627,000 after buying an additional 87,384 shares during the period. Wells Fargo & Company MN boosted its position in shares of Brooks Automation by 101.4% during the third quarter. Wells Fargo & Company MN now owns 589,589 shares of the semiconductor company’s stock valued at $17,899,000 after buying an additional 296,797 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Brooks Automation by 23.6% during the second quarter. Parametric Portfolio Associates LLC now owns 181,711 shares of the semiconductor company’s stock valued at $3,941,000 after buying an additional 34,711 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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