Brooks Automation (BRKS) Stock Price Down 3.2%

Brooks Automation, Inc (NASDAQ:BRKS) shares fell 3.2% during trading on Tuesday . The stock traded as low as $22.29 and last traded at $23.27. 606,497 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 701,018 shares. The stock had previously closed at $22.54.

Several research firms recently commented on BRKS. Stifel Nicolaus increased their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Brooks Automation in a research note on Friday, October 6th. Citigroup increased their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Janney Montgomery Scott increased their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 price objective on shares of Brooks Automation in a research note on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.57.

The company has a market capitalization of $1,617.80, a P/E ratio of 20.92 and a beta of 0.93.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. The business had revenue of $181.88 million during the quarter, compared to the consensus estimate of $174.66 million. During the same period last year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. equities analysts predict that Brooks Automation, Inc will post 1.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is presently 44.44%.

In other Brooks Automation news, insider David C. Gray sold 2,394 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $80,917.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William T. Montone sold 2,257 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $76,286.60. The disclosure for this sale can be found here. Insiders sold a total of 66,258 shares of company stock valued at $1,995,532 over the last ninety days. Corporate insiders own 2.24% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Brooks Automation by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after purchasing an additional 392,115 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Brooks Automation by 23.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after purchasing an additional 489,434 shares during the period. Boston Partners grew its holdings in shares of Brooks Automation by 3.0% during the 3rd quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after purchasing an additional 56,126 shares during the period. State Street Corp grew its holdings in shares of Brooks Automation by 2.2% during the 2nd quarter. State Street Corp now owns 1,673,763 shares of the semiconductor company’s stock worth $36,310,000 after purchasing an additional 36,513 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Brooks Automation by 9.0% during the 3rd quarter. Royce & Associates LP now owns 1,378,309 shares of the semiconductor company’s stock worth $41,845,000 after purchasing an additional 113,300 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.

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Brooks Automation Company Profile

Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through 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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