Brooks Automation, Inc. (NASDAQ:BRKS) Short Interest Update

Brooks Automation, Inc. (NASDAQ:BRKS) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,240,000 shares, a drop of 21.0% from the August 15th total of 1,570,000 shares. Based on an average daily volume of 751,900 shares, the short-interest ratio is currently 1.6 days. Currently, 1.7% of the company’s shares are short sold.

A number of research firms have weighed in on BRKS. KeyCorp raised their price objective on shares of Brooks Automation from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Tuesday, September 7th. Needham & Company LLC reissued a “buy” rating and issued a C$114.00 target price on shares of Brooks Automation in a report on Monday, August 23rd. Finally, Zacks Investment Research raised Brooks Automation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Monday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $98.75.

NASDAQ BRKS traded up $1.17 during mid-day trading on Tuesday, hitting $103.62. The stock had a trading volume of 21,851 shares, compared to its average volume of 835,033. The company has a 50 day simple moving average of $86.86 and a 200 day simple moving average of $91.06. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 64.43 and a beta of 1.92. Brooks Automation has a 52-week low of $43.14 and a 52-week high of $108.72. The company has a quick ratio of 1.81, a current ratio of 2.31 and a debt-to-equity ratio of 0.04.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, August 4th. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $315.35 million during the quarter, compared to analysts’ expectations of $308.47 million. Brooks Automation had a return on equity of 13.38% and a net margin of 10.74%. As a group, equities analysts anticipate that Brooks Automation will post 2.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, September 2nd. Brooks Automation’s dividend payout ratio is currently 31.75%.

In other Brooks Automation news, SVP Jason Joseph sold 1,071 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $90.00, for a total value of $96,390.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen S. Schwartz sold 19,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 24th. The shares were sold at an average price of $95.00, for a total transaction of $1,852,500.00. Following the completion of the transaction, the chief executive officer now directly owns 332,711 shares of the company’s stock, valued at approximately $31,607,545. The disclosure for this sale can be found here. Insiders sold a total of 24,713 shares of company stock valued at $2,337,025 in the last quarter. 1.62% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Brooks Automation by 13.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,048,771 shares of the semiconductor company’s stock worth $385,767,000 after purchasing an additional 478,370 shares in the last quarter. William Blair Investment Management LLC grew its stake in Brooks Automation by 1.3% during the 1st quarter. William Blair Investment Management LLC now owns 3,888,759 shares of the semiconductor company’s stock worth $317,517,000 after buying an additional 49,238 shares during the last quarter. Macquarie Group Ltd. increased its position in Brooks Automation by 78.8% in the second quarter. Macquarie Group Ltd. now owns 2,185,577 shares of the semiconductor company’s stock worth $208,242,000 after buying an additional 963,427 shares during the period. DF Dent & Co. Inc. lifted its stake in Brooks Automation by 1.8% in the second quarter. DF Dent & Co. Inc. now owns 1,749,054 shares of the semiconductor company’s stock valued at $166,650,000 after buying an additional 30,939 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Brooks Automation by 7.2% during the first quarter. Janus Henderson Group PLC now owns 1,507,421 shares of the semiconductor company’s stock worth $123,081,000 after buying an additional 100,670 shares during the period. 93.14% of the stock is currently owned by institutional investors and hedge funds.

Brooks Automation Company Profile

Brooks Automation, Inc engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following segments: Brooks Semiconductor Solutions Group and Brooks Life Sciences Products and Brooks Life Sciences Services.

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