Brooks Automation Inc. (NASDAQ:BRKS)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued on Monday. They currently have a $16.00 price objective on the stock. B. Riley’s price objective would indicate a potential downside of 3.96% from the stock’s current price.
BRKS has been the subject of several other research reports. Citigroup Inc. cut their price objective on Brooks Automation from $12.50 to $9.30 and set a “neutral” rating for the company in a research report on Monday, September 12th. Janney Montgomery Scott began coverage on shares of Brooks Automation in a report on Tuesday, September 13th. They issued a “buy” rating and a $20.00 target price on the stock. TheStreet upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research raised shares of Brooks Automation from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Finally, Needham & Company LLC upped their price objective on shares of Brooks Automation from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.72.
Brooks Automation (NASDAQ:BRKS) traded up 0.79% on Monday, hitting $16.66. The stock had a trading volume of 227,074 shares. The stock has a market cap of $1143.53 billion, a price-to-earnings ratio of 35.45 and a beta of 1.07. The stock’s 50 day moving average is $14.06 and its 200 day moving average is $12.51. Brooks Automation has a one year low of $8.33 and a one year high of $16.81.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The firm earned $157.55 million during the quarter, compared to analysts’ expectations of $145.77 million. Brooks Automation had a positive return on equity of 5.75% and a negative net margin of 12.40%. Brooks Automation’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. Analysts anticipate that Brooks Automation will post $0.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.40%. The ex-dividend date is Wednesday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is presently -39.22%.
In other Brooks Automation news, CEO Stephen S. Schwartz sold 10,000 shares of the firm’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the chief executive officer now owns 747,688 shares of the company’s stock, valued at approximately $11,215,320. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David C. Gray sold 6,441 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $12.74, for a total transaction of $82,058.34. Following the completion of the sale, the insider now directly owns 138,834 shares in the company, valued at approximately $1,768,745.16. The disclosure for this sale can be found here. 2.15% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Chartwell Investment Partners LLC acquired a new stake in Brooks Automation during the third quarter valued at approximately $3,880,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Brooks Automation during the third quarter valued at approximately $297,000. Boston Private Wealth LLC raised its stake in Brooks Automation by 25.4% in the third quarter. Boston Private Wealth LLC now owns 22,764 shares of the company’s stock valued at $310,000 after buying an additional 4,615 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Brooks Automation by 466.4% in the third quarter. Panagora Asset Management Inc. now owns 37,164 shares of the company’s stock valued at $506,000 after buying an additional 30,603 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in Brooks Automation during the third quarter valued at approximately $241,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation Company Profile