Brooks Automation, Inc (BRKS) Sets New 1-Year High After Analyst Upgrade

Brooks Automation, Inc (NASDAQ:BRKS) reached a new 52-week high during trading on Monday after Citigroup raised their price target on the stock to $26.00. The stock traded as high as $22.04 and last traded at $22.04, with a volume of 240,922 shares traded. The stock had previously closed at $21.86.

Other equities research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $22.00 price objective on shares of Brooks Automation in a report on Thursday, February 2nd. Needham & Company LLC lifted their price objective on Brooks Automation to $22.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Stifel Nicolaus downgraded Brooks Automation from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a report on Tuesday, January 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Credit Suisse Group AG upgraded Brooks Automation from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $17.00 in a report on Monday, January 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.00.

In other Brooks Automation news, VP Jason Joseph sold 8,256 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $16.77, for a total value of $138,453.12. Following the transaction, the vice president now directly owns 134,802 shares of the company’s stock, valued at $2,260,629.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William T. Montone sold 12,500 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $17.09, for a total value of $213,625.00. Following the completion of the transaction, the senior vice president now directly owns 151,756 shares in the company, valued at $2,593,510.04. The disclosure for this sale can be found here. Insiders sold 106,007 shares of company stock worth $2,084,557 over the last three months. Insiders own 2.24% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Brooks Automation by 76.7% in the second quarter. Royal Bank of Canada now owns 49,446 shares of the company’s stock valued at $554,000 after buying an additional 21,456 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Brooks Automation by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 37,454 shares of the company’s stock valued at $510,000 after buying an additional 500 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Brooks Automation by 14.6% in the third quarter. Great West Life Assurance Co. Can now owns 95,491 shares of the company’s stock valued at $1,298,000 after buying an additional 12,168 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Brooks Automation by 5.3% in the third quarter. Wells Fargo & Company MN now owns 447,313 shares of the company’s stock valued at $6,088,000 after buying an additional 22,478 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Brooks Automation by 7.3% in the third quarter. First Trust Advisors LP now owns 30,565 shares of the company’s stock valued at $416,000 after buying an additional 2,091 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.

The stock has a 50-day moving average of $20.73 and a 200 day moving average of $16.40. The stock’s market cap is $1.47 billion.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm earned $160 million during the quarter, compared to analysts’ expectations of $160.03 million. Brooks Automation had a positive return on equity of 8.51% and a negative net margin of 8.49%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. Equities analysts anticipate that Brooks Automation, Inc will post $0.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, March 1st. Brooks Automation’s dividend payout ratio is currently -53.33%.

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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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