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.

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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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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