Brooks Automation (NASDAQ:BRKS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday, February 1st, BidAskClub reports.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Brooks Automation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, January 7th. ValuEngine cut Brooks Automation from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, TheStreet raised Brooks Automation from a “c+” rating to a “b-” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.60.
BRKS stock opened at $39.17 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.38 and a debt-to-equity ratio of 0.04. Brooks Automation has a twelve month low of $28.42 and a twelve month high of $50.35. The business has a fifty day moving average of $41.45 and a 200-day moving average of $39.52. The company has a market cap of $2.99 billion, a P/E ratio of 48.85 and a beta of 1.41.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Brooks Automation had a return on equity of 6.95% and a net margin of 53.68%. The business had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $207.24 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Brooks Automation will post 1.26 earnings per share for the current fiscal year.
In other news, insider David C. Gray sold 25,317 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $45.25, for a total transaction of $1,145,594.25. Following the transaction, the insider now owns 110,018 shares in the company, valued at $4,978,314.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Joseph sold 6,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $42.63, for a total value of $255,780.00. Following the transaction, the senior vice president now owns 99,158 shares in the company, valued at approximately $4,227,105.54. The disclosure for this sale can be found here. Insiders have sold 229,003 shares of company stock worth $10,295,391 in the last quarter. 2.66% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. CWM LLC acquired a new stake in shares of Brooks Automation in the 4th quarter valued at $31,000. Citizens Financial Group Inc RI bought a new position in shares of Brooks Automation in the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Brooks Automation in the 4th quarter valued at $38,000. Valeo Financial Advisors LLC bought a new position in shares of Brooks Automation in the 4th quarter valued at $46,000. Finally, Carroll Financial Associates Inc. lifted its stake in shares of Brooks Automation by 475.5% in the 4th quarter. Carroll Financial Associates Inc. now owns 1,105 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 913 shares during the last quarter. 98.53% of the stock is currently owned by institutional investors and hedge funds.
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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