Brooks Automation, Inc (BRKS) Receives Consensus Rating of “Buy” from Brokerages

Brooks Automation, Inc (NASDAQ:BRKS) has earned a consensus rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $41.33.

Several equities analysts recently issued reports on BRKS shares. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Stephens reiterated a “buy” rating and issued a $35.00 target price on shares of Brooks Automation in a research note on Tuesday, August 7th. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Citigroup boosted their price objective on shares of Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, July 13th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $56.00 target price (up from $40.00) on shares of Brooks Automation in a report on Tuesday, August 28th.

In other news, CFO Lindon G. Robertson sold 13,042 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total value of $508,638.00. Following the sale, the chief financial officer now directly owns 136,642 shares in the company, valued at approximately $5,329,038. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Joseph sold 1,965 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now owns 86,868 shares in the company, valued at $3,300,984. The disclosure for this sale can be found here. Company insiders own 2.36% of the company’s stock.



A number of hedge funds have recently added to or reduced their stakes in the stock. EULAV Asset Management purchased a new position in shares of Brooks Automation during the 3rd quarter valued at approximately $928,000. First Trust Advisors LP boosted its position in shares of Brooks Automation by 82.2% during the 3rd quarter. First Trust Advisors LP now owns 187,800 shares of the semiconductor company’s stock valued at $6,579,000 after acquiring an additional 84,727 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Brooks Automation during the 3rd quarter valued at about $1,115,000. Aperio Group LLC boosted its position in shares of Brooks Automation by 5.2% during the 3rd quarter. Aperio Group LLC now owns 35,644 shares of the semiconductor company’s stock valued at $1,249,000 after acquiring an additional 1,748 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Brooks Automation by 10.9% in the third quarter. Nisa Investment Advisors LLC now owns 43,804 shares of the semiconductor company’s stock valued at $1,534,000 after buying an additional 4,300 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.

BRKS traded down $0.64 on Friday, hitting $29.72. The company’s stock had a trading volume of 595,942 shares, compared to its average volume of 640,279. The company has a current ratio of 3.29, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. Brooks Automation has a 12 month low of $21.75 and a 12 month high of $39.75. The company has a market cap of $2.10 billion, a PE ratio of 23.97 and a beta of 1.04.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The company had revenue of $223.48 million during the quarter, compared to the consensus estimate of $218.98 million. During the same period in the previous year, the firm posted $0.36 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. Research analysts forecast that Brooks Automation will post 1.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, September 6th. Brooks Automation’s dividend payout ratio is presently 32.26%.

About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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