Brooks Automation (BRKS) Shares Up 5.1% After Analyst Upgrade

Shares of Brooks Automation, Inc (NASDAQ:BRKS) traded up 5.1% during mid-day trading on Wednesday after Citigroup raised their price target on the stock from $38.00 to $41.00. Citigroup currently has a buy rating on the stock. Brooks Automation traded as high as $34.77 and last traded at $33.79. 1,125,600 shares changed hands during trading, an increase of 46% from the average session volume of 773,601 shares. The stock had previously closed at $32.14.

BRKS has been the topic of a number of other reports. BidaskClub lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Saturday, August 18th. B. Riley upped their target price on Brooks Automation from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Janney Montgomery Scott restated a “buy” rating and issued a $56.00 target price (up from $40.00) on shares of Brooks Automation in a research note on Tuesday, August 28th. Finally, ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $39.71.

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

Several institutional investors have recently made changes to their positions in BRKS. Psagot Investment House Ltd. bought a new position in shares of Brooks Automation during the 2nd quarter valued at about $103,000. Tower Research Capital LLC TRC bought a new position in shares of Brooks Automation during the 2nd quarter valued at about $138,000. Envestnet Asset Management Inc. increased its position in shares of Brooks Automation by 624.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,375 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 4,633 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Brooks Automation during the 2nd quarter valued at about $208,000. Finally, LPL Financial LLC bought a new position in shares of Brooks Automation during the 1st quarter valued at about $223,000. Hedge funds and other institutional investors own 94.54% of the company’s stock.

The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 2.48. The stock has a market cap of $2.41 billion, a P/E ratio of 27.43 and a beta of 1.03.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Monday, August 6th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $223.48 million for the quarter, compared to analyst estimates of $218.98 million. Brooks Automation had a return on equity of 16.28% and a net margin of 15.40%. The company’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. equities analysts expect that Brooks Automation, Inc will post 1.55 EPS for the current year.

The company 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 dividend of $0.10 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Brooks Automation’s dividend payout ratio (DPR) is presently 32.26%.

About Brooks Automation (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.

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