Brooks Automation (NASDAQ:BRKS) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.
A number of other brokerages have also recently issued reports on BRKS. Stephens started coverage on Brooks Automation in a report on Thursday, December 21st. They set an “overweight” rating and a $32.00 target price for the company. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, February 6th. B. Riley boosted their target price on Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Janney Montgomery Scott set a $35.00 target price on Brooks Automation and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.88.
Shares of Brooks Automation (NASDAQ:BRKS) opened at $29.51 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.33 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2,080.49, a PE ratio of 31.73 and a beta of 0.97. Brooks Automation has a fifty-two week low of $20.63 and a fifty-two week high of $34.77.
In related news, insider David Pietrantoni sold 7,575 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.89, for a total transaction of $203,691.75. Following the transaction, the insider now directly owns 60,142 shares of the company’s stock, valued at approximately $1,617,218.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David C. Gray sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $28.88, for a total value of $202,160.00. Following the transaction, the insider now directly owns 91,806 shares in the company, valued at $2,651,357.28. The disclosure for this sale can be found here. Insiders have sold a total of 45,811 shares of company stock worth $1,293,672 over the last three months. 2.36% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Brooks Automation by 1.0% during the 4th quarter. BlackRock Inc. now owns 8,943,161 shares of the semiconductor company’s stock worth $213,296,000 after acquiring an additional 86,294 shares in the last quarter. Boston Partners raised its position in shares of Brooks Automation by 5.9% in the 4th quarter. Boston Partners now owns 2,016,375 shares of the semiconductor company’s stock valued at $48,091,000 after purchasing an additional 112,101 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Brooks Automation by 40.4% in the 4th quarter. Glenmede Trust Co. NA now owns 1,478,911 shares of the semiconductor company’s stock valued at $35,270,000 after purchasing an additional 425,807 shares in the last quarter. Royce & Associates LP raised its position in shares of Brooks Automation by 9.0% in the 3rd quarter. Royce & Associates LP now owns 1,378,309 shares of the semiconductor company’s stock valued at $41,845,000 after purchasing an additional 113,300 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Brooks Automation by 18.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,133,405 shares of the semiconductor company’s stock valued at $27,032,000 after purchasing an additional 173,908 shares in the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
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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