ValuEngine Lowers Brooks Automation (NASDAQ:BRKS) to Hold

ValuEngine downgraded shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a hold rating in a report released on Tuesday morning, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus set a $43.00 price objective on shares of Brooks Automation and gave the stock a buy rating in a report on Tuesday, September 17th. BidaskClub raised shares of Brooks Automation from a buy rating to a strong-buy rating in a research note on Tuesday, October 22nd. Stephens reiterated an equal weight rating and issued a $35.00 price objective on shares of Brooks Automation in a report on Friday, August 23rd. Zacks Investment Research cut shares of Brooks Automation from a strong-buy rating to a hold rating in a report on Monday, November 11th. Finally, B. Riley set a $47.00 target price on Brooks Automation and gave the stock a buy rating in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $43.20.

BRKS traded up $0.63 during trading hours on Tuesday, hitting $41.56. The company’s stock had a trading volume of 15,220 shares, compared to its average volume of 528,243. Brooks Automation has a fifty-two week low of $23.02 and a fifty-two week high of $50.35. The company has a current ratio of 2.37, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.96 billion, a PE ratio of 54.34 and a beta of 1.39. The company has a 50-day simple moving average of $43.67 and a 200 day simple moving average of $38.46.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The firm had revenue of $200.23 million for the quarter, compared to the consensus estimate of $195.38 million. During the same quarter in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Research analysts expect that Brooks Automation will post 1.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 5th. Brooks Automation’s payout ratio is 51.95%.

In related news, SVP Jason Joseph sold 5,478 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $42.50, for a total value of $232,815.00. Following the sale, the senior vice president now directly owns 77,352 shares in the company, valued at approximately $3,287,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Pietrantoni sold 3,333 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $44.00, for a total transaction of $146,652.00. Following the sale, the insider now directly owns 32,435 shares of the company’s stock, valued at $1,427,140. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,648 shares of company stock valued at $9,882,176. Insiders own 2.45% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Brooks Automation by 226.6% in the 1st quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after acquiring an additional 969,851 shares during the last quarter. DF Dent & Co. Inc. raised its stake in Brooks Automation by 30.2% during the 2nd quarter. DF Dent & Co. Inc. now owns 3,502,866 shares of the semiconductor company’s stock valued at $135,736,000 after purchasing an additional 813,225 shares during the period. Invesco Ltd. raised its stake in Brooks Automation by 61.2% during the 2nd quarter. Invesco Ltd. now owns 1,685,152 shares of the semiconductor company’s stock valued at $65,299,000 after purchasing an additional 639,558 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Brooks Automation by 1,177.6% in the second quarter. Nuveen Asset Management LLC now owns 398,609 shares of the semiconductor company’s stock valued at $15,445,000 after purchasing an additional 367,409 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Brooks Automation by 28.2% in the third quarter. Fisher Asset Management LLC now owns 1,354,736 shares of the semiconductor company’s stock valued at $50,166,000 after purchasing an additional 297,661 shares in the last quarter.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.

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