Brooks Automation (BRKS) Raised to Strong-Buy at BidaskClub

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.

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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.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The company had revenue of $189.33 million during the quarter, compared to analysts’ expectations of $184.48 million. During the same quarter in the previous year, the business earned $0.25 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. equities research analysts forecast that Brooks Automation will post 1.41 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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