Citigroup Inc. upgraded shares of Brooks Automation Inc. (NASDAQ:BRKS) from a neutral rating to a buy rating in a research report report published on Wednesday. They currently have $16.50 target price on the stock, up from their previous target price of $12.50.
Several other equities research analysts have also commented on BRKS. Zacks Investment Research lowered Brooks Automation from a buy rating to a hold rating in a research note on Friday, June 17th. B. Riley restated a buy rating and set a $16.00 price target on shares of Brooks Automation in a research note on Friday, July 29th. Needham & Company LLC upped their price target on Brooks Automation from $13.00 to $15.00 and gave the stock a buy rating in a research note on Friday, July 29th. TheStreet upgraded Brooks Automation from a hold rating to a buy rating in a research note on Wednesday, August 24th. Finally, Janney Montgomery Scott began coverage on Brooks Automation in a research note on Tuesday, September 13th. They issued a buy rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $15.05.
Shares of Brooks Automation (NASDAQ:BRKS) opened at 13.29 on Wednesday. Brooks Automation has a 1-year low of $8.33 and a 1-year high of $13.96. The company’s 50-day moving average price is $13.17 and its 200 day moving average price is $11.68. The stock’s market cap is $878.73 million.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company earned $147.53 million during the quarter, compared to analyst estimates of $144.40 million. Brooks Automation had a positive return on equity of 4.92% and a negative net margin of 13.39%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. Equities analysts forecast that Brooks Automation will post $0.40 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.01%. Brooks Automation’s dividend payout ratio (DPR) is presently -37.38%.
In other Brooks Automation news, VP Jason Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $13.00, for a total transaction of $52,000.00. Following the completion of the sale, the vice president now owns 165,755 shares in the company, valued at approximately $2,154,815. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP William T. Montone sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $12.50, for a total value of $62,500.00. Following the sale, the senior vice president now owns 201,532 shares of the company’s stock, valued at approximately $2,519,150. The disclosure for this sale can be found here. Company insiders own 2.15% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Brooks Automation during the first quarter worth $155,000. TIAA CREF Investment Management LLC raised its stake in shares of Brooks Automation by 24.2% in the first quarter. TIAA CREF Investment Management LLC now owns 274,917 shares of the company’s stock worth $2,859,000 after buying an additional 53,483 shares during the period. Prudential Financial Inc. raised its stake in shares of Brooks Automation by 28.9% in the first quarter. Prudential Financial Inc. now owns 228,968 shares of the company’s stock worth $2,382,000 after buying an additional 51,400 shares during the period. Franklin Resources Inc. raised its stake in shares of Brooks Automation by 24.4% in the first quarter. Franklin Resources Inc. now owns 969,000 shares of the company’s stock worth $10,078,000 after buying an additional 190,000 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of Brooks Automation by 6.2% in the first quarter. BlackRock Group LTD now owns 100,941 shares of the company’s stock worth $1,050,000 after buying an additional 5,930 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.
About Brooks Automation
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.
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