Zacks Investment Research lowered shares of Brooks Automation, Inc. (NASDAQ:BRKS) from a buy rating to a hold rating in a report published on Friday.
According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “
Several other research firms also recently commented on BRKS. Stifel Nicolaus increased their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the company a buy rating in a report on Wednesday. Needham & Company LLC reissued a hold rating on shares of Brooks Automation in a report on Friday, October 6th. Citigroup Inc. increased their price objective on shares of Brooks Automation from $31.00 to $34.00 and gave the company a buy rating in a report on Friday. Janney Montgomery Scott increased their price objective on shares of Brooks Automation from $30.00 to $35.00 and gave the company a buy rating in a report on Thursday, September 14th. Finally, ValuEngine downgraded shares of Brooks Automation from a buy rating to a hold rating in a report on Tuesday, August 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Brooks Automation currently has an average rating of Hold and a consensus price target of $31.57.
Brooks Automation (NASDAQ BRKS) traded down $2.49 on Friday, hitting $26.29. 2,337,300 shares of the company’s stock traded hands, compared to its average volume of 777,832. Brooks Automation has a twelve month low of $14.18 and a twelve month high of $34.77. The company has a market cap of $1,833.96, a P/E ratio of 23.90 and a beta of 1.06.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 15.4% on a year-over-year basis. equities research analysts predict that Brooks Automation will post 1.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s payout ratio is currently 44.44%.
In other Brooks Automation news, VP David Jarzynka sold 2,476 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $83,688.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William T. Montone sold 2,257 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $76,286.60. The disclosure for this sale can be found here. In the last three months, insiders sold 19,784 shares of company stock valued at $668,699. 2.24% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BRKS. Quantbot Technologies LP bought a new stake in Brooks Automation in the second quarter worth about $104,000. Advisor Group Inc. bought a new stake in Brooks Automation in the second quarter worth about $122,000. Riverhead Capital Management LLC lifted its stake in Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 1,897 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after purchasing an additional 348 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Brooks Automation by 49.3% during the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 2,072 shares during the period. 90.61% of the stock is owned by institutional investors and hedge funds.
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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