Shares of Brooks Automation, Inc (NASDAQ:BRKS) have been given a consensus rating of “Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $40.67.

A number of equities research analysts have issued reports on BRKS shares. Stephens reiterated a “buy” rating and issued a $35.00 target price on shares of Brooks Automation in a research note on Tuesday, August 7th. BidaskClub upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Finally, ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th.

In related news, CFO Lindon G. Robertson sold 13,042 shares of Brooks Automation stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total transaction of $508,638.00. Following the sale, the chief financial officer now directly owns 136,642 shares in the company, valued at $5,329,038. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jason Joseph sold 1,965 shares of Brooks Automation stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the sale, the vice president now owns 86,868 shares in the company, valued at $3,300,984. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,292 shares of company stock worth $1,806,168. Company insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BRKS. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Brooks Automation during the first quarter valued at about $59,762,000. BlackRock Inc. raised its stake in shares of Brooks Automation by 8.0% during the second quarter. BlackRock Inc. now owns 9,707,904 shares of the semiconductor company’s stock valued at $316,670,000 after purchasing an additional 715,931 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Brooks Automation during the first quarter valued at about $15,847,000. Silvercrest Asset Management Group LLC raised its stake in shares of Brooks Automation by 26.1% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,470,604 shares of the semiconductor company’s stock valued at $66,904,000 after purchasing an additional 511,018 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Brooks Automation by 320.4% during the first quarter. Legal & General Group Plc now owns 606,897 shares of the semiconductor company’s stock valued at $16,411,000 after purchasing an additional 462,552 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

BRKS stock traded down $0.12 during mid-day trading on Friday, reaching $36.11. The company had a trading volume of 806,913 shares, compared to its average volume of 941,582. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 3.29. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 29.12 and a beta of 1.03. Brooks Automation has a one year low of $21.75 and a one year high of $39.75.

Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $223.48 million for the quarter, compared to analysts’ expectations of $218.98 million. Brooks Automation had a return on equity of 16.28% and a net margin of 15.40%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. analysts predict that Brooks Automation will post 1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 6th. Brooks Automation’s dividend payout ratio is currently 32.26%.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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