Brooks Automation (BRKS) Shares Down 5.9%

Brooks Automation, Inc (NASDAQ:BRKS)’s share price traded down 5.9% during trading on Tuesday . The stock traded as low as $32.12 and last traded at $32.14. 876,900 shares traded hands during trading, an increase of 14% from the average session volume of 771,699 shares. The stock had previously closed at $34.14.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research report on Friday, June 15th. Citigroup upped their price target on shares of Brooks Automation from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, B. Riley upped their price target on shares of Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brooks Automation has a consensus rating of “Buy” and a consensus price target of $39.71.

The company has a current ratio of 3.29, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.42 billion, a P/E ratio of 26.74 and a beta of 1.02.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Monday, August 6th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The firm had revenue of $223.48 million during the quarter, compared to analyst estimates of $218.98 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Brooks Automation’s revenue for the quarter was up 23.0% compared to the same quarter last year. research analysts predict that Brooks Automation, Inc will post 1.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 6th. Brooks Automation’s payout ratio is currently 32.26%.

In other news, CFO Lindon G. Robertson sold 13,042 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total value of $508,638.00. Following the completion of the sale, the chief financial officer now owns 136,642 shares of the company’s stock, valued at $5,329,038. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason Joseph sold 1,965 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the sale, the vice president now directly owns 86,868 shares of the company’s stock, valued at approximately $3,300,984. The disclosure for this sale can be found here. 2.36% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its position in shares of Brooks Automation by 14.2% in the second quarter. Systematic Financial Management LP now owns 303,716 shares of the semiconductor company’s stock worth $9,907,000 after acquiring an additional 37,741 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Brooks Automation during the 2nd quarter valued at $600,000. Rice Hall James & Associates LLC grew its holdings in Brooks Automation by 461.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 372,485 shares of the semiconductor company’s stock valued at $12,150,000 after purchasing an additional 306,110 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Brooks Automation by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 568,039 shares of the semiconductor company’s stock valued at $15,383,000 after purchasing an additional 16,330 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Brooks Automation during the 2nd quarter valued at $418,000. 94.54% of the stock is owned by institutional investors.

Brooks Automation Company Profile (NASDAQ:BRKS)

Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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.

Recommended Story: What is a Stop Order?

Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply