Shares of Brooks Automation, Inc (NASDAQ:BRKS) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $39.71.
Several equities analysts have recently commented on BRKS shares. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on Western Digital from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.
In other Brooks Automation news, VP David Jarzynka sold 2,577 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $38.95, for a total transaction of $100,374.15. Following the completion of the sale, the vice president now directly owns 92,894 shares in the company, valued at $3,618,221.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred Woollacott III sold 4,355 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $38.93, for a total value of $169,540.15. Following the sale, the director now owns 84,736 shares of the company’s stock, valued at $3,298,772.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,163 shares of company stock valued at $893,669. 2.45% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. lifted its stake in Brooks Automation by 43.7% during the first quarter. Marshall Wace North America L.P. now owns 2,794 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 850 shares during the last quarter. Hilton Capital Management LLC lifted its stake in Brooks Automation by 88.5% during the first quarter. Hilton Capital Management LLC now owns 5,654 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 2,654 shares during the last quarter. Starr International Co. Inc. bought a new stake in Brooks Automation during the first quarter worth $201,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Brooks Automation by 10.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,194 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 653 shares during the last quarter. Finally, Park National Corp OH bought a new stake in Brooks Automation during the second quarter worth $212,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
Shares of Brooks Automation stock traded up $1.29 on Friday, hitting $39.54. The stock had a trading volume of 6,115 shares, compared to its average volume of 507,117. Brooks Automation has a twelve month low of $23.02 and a twelve month high of $42.17. The company has a 50 day moving average price of $38.17. The company has a current ratio of 2.86, a quick ratio of 2.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $2.81 billion, a PE ratio of 61.52 and a beta of 1.38.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Monday, April 29th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. Brooks Automation had a return on equity of 9.45% and a net margin of 6.68%. The company had revenue of $198.00 million for the quarter, compared to the consensus estimate of $193.24 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities research analysts expect that Brooks Automation will post 0.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, June 6th. Brooks Automation’s dividend payout ratio (DPR) is currently 62.50%.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.
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