B. Riley reiterated their buy rating on shares of Brooks Automation, Inc. (NASDAQ:BRKS) in a research report released on Monday morning. The brokerage currently has a $34.00 price objective on the semiconductor company’s stock. B. Riley also issued estimates for Brooks Automation’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.65 EPS.
BRKS has been the topic of a number of other reports. Zacks Investment Research lowered Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Janney Montgomery Scott increased their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a buy rating in a report on Thursday, September 14th. Stifel Nicolaus increased their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a buy rating in a report on Wednesday, November 8th. Needham & Company LLC reissued a hold rating on shares of Brooks Automation in a report on Friday, October 6th. Finally, Credit Suisse Group reissued a hold rating and issued a $26.00 price objective on shares of Brooks Automation in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $31.57.
Brooks Automation (NASDAQ:BRKS) opened at $25.83 on Monday. The firm has a market capitalization of $1,871.52, a PE ratio of 24.36 and a beta of 1.06. Brooks Automation has a 1-year low of $15.06 and a 1-year high of $34.77.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 30th. Brooks Automation’s dividend payout ratio (DPR) is 44.44%.
In related news, VP Jason Joseph sold 5,159 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total transaction of $147,289.45. Following the sale, the vice president now directly owns 104,699 shares of the company’s stock, valued at $2,989,156.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen S. Schwartz sold 27,915 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $28.55, for a total value of $796,973.25. Following the sale, the chief executive officer now directly owns 661,852 shares in the company, valued at $18,895,874.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,258 shares of company stock worth $1,995,532. 2.24% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of BRKS. Quantbot Technologies LP acquired a new stake in Brooks Automation during the second quarter worth about $104,000. Advisor Group Inc. acquired a new stake in Brooks Automation during the second quarter worth about $122,000. Riverhead Capital Management LLC grew its holdings in Brooks Automation by 49.9% during the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 1,897 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Brooks Automation by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock valued at $131,000 after purchasing an additional 348 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in Brooks Automation by 49.3% in the second quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 2,072 shares during the period. 90.56% of the stock is currently owned by hedge funds and other institutional investors.
About Brooks Automation
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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