Brooks Automation (NASDAQ:BRKS) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, January 9th.
Several other equities analysts also recently issued reports on the company. Stephens initiated coverage on Brooks Automation in a research report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 price objective for the company. B. Riley reiterated a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a research report on Monday, November 13th. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup lifted their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus lifted their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.63.
Brooks Automation (BRKS) opened at $26.02 on Tuesday. The company has a market capitalization of $1,830.00, a P/E ratio of 29.24 and a beta of 0.93. Brooks Automation has a 52-week low of $16.74 and a 52-week high of $34.77.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. Brooks Automation’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. equities analysts forecast that Brooks Automation will post 1.33 earnings per share for the current year.
In related news, SVP William T. Montone sold 2,257 shares of Brooks Automation stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $76,286.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Jarzynka sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total value of $231,200.00. Following the completion of the transaction, the vice president now directly owns 30,638 shares of the company’s stock, valued at $708,350.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,258 shares of company stock valued at $2,226,732. 2.36% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Brooks Automation in the second quarter valued at about $104,000. Advisor Group Inc. bought a new stake in shares of Brooks Automation in the second quarter valued at about $122,000. Riverhead Capital Management LLC lifted its holdings in shares of Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its holdings in shares of Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 2,072 shares in the last quarter. 89.85% of the stock is owned by hedge funds and other institutional investors.
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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.
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