Brooks Automation Inc. (NASDAQ:BRKS) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Wednesday, The Fly reports.
Several other research firms have also issued reports on BRKS. Needham & Company LLC increased their target price on Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, June 24th. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of Brooks Automation in a research note on Wednesday, August 3rd. TheStreet raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. Finally, Janney Montgomery Scott started coverage on Brooks Automation in a research note on Tuesday, September 13th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $13.85.
Brooks Automation (NASDAQ:BRKS) opened at 13.26 on Wednesday. The company’s market capitalization is $876.75 million. The firm has a 50-day moving average of $13.09 and a 200 day moving average of $11.59. Brooks Automation has a one year low of $8.33 and a one year high of $13.96.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Thursday, July 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The firm had revenue of $147.53 million for the quarter, compared to analyst estimates of $144.40 million. During the same quarter in the prior year, the company earned $0.15 EPS. Brooks Automation’s revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Brooks Automation will post $0.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, August 31st. Brooks Automation’s dividend payout ratio (DPR) is presently -37.38%.
In other news, VP Jason Joseph sold 4,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $13.00, for a total transaction of $52,000.00. Following the sale, the vice president now owns 165,755 shares of the company’s stock, valued at approximately $2,154,815. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William T. Montone sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $12.08, for a total value of $60,400.00. Following the sale, the senior vice president now directly owns 206,532 shares in the company, valued at approximately $2,494,906.56. The disclosure for this sale can be found here. Insiders own 2.15% of the company’s stock.
Several large investors have recently modified their holdings of the company. Mason Street Advisors LLC acquired a new stake in shares of Brooks Automation during the second quarter valued at $151,000. Royal Bank of Canada raised its stake in shares of Brooks Automation by 76.7% in the second quarter. Royal Bank of Canada now owns 49,446 shares of the company’s stock valued at $554,000 after buying an additional 21,456 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Brooks Automation by 18.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,235 shares of the company’s stock valued at $3,885,000 after buying an additional 53,088 shares during the period. Arizona State Retirement System raised its stake in shares of Brooks Automation by 1.4% in the second quarter. Arizona State Retirement System now owns 35,593 shares of the company’s stock valued at $399,000 after buying an additional 500 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Brooks Automation during the second quarter valued at $184,000. 92.07% of the stock is currently owned by institutional investors and hedge funds.
Brooks Automation Company Profile
Brooks Automation, Inc is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.