Brooks Automation (BRKS) Shares Down 7.2%

Shares of Brooks Automation, Inc (NASDAQ:BRKS) were down 7.2% on Tuesday . The stock traded as low as $27.73 and last traded at $28.17. Approximately 731,326 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 762,562 shares. The stock had previously closed at $30.36.

Several analysts have weighed in on BRKS shares. BidaskClub raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Stephens reissued a “buy” rating and issued a $35.00 price target on shares of Brooks Automation in a research note on Tuesday, August 7th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $56.00 price objective (up from $40.00) on shares of Brooks Automation in a research note on Tuesday, August 28th. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Finally, B. Riley upped their price objective on shares of Brooks Automation from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $37.00.

The company has a market cap of $2.18 billion, a P/E ratio of 44.02 and a beta of 1.13. The company has a current ratio of 3.43, a quick ratio of 2.84 and a debt-to-equity ratio of 0.27.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Monday, November 19th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.22). The firm had revenue of $160.00 million for the quarter, compared to the consensus estimate of $206.00 million. Brooks Automation had a net margin of 14.94% and a return on equity of 13.78%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. As a group, equities analysts predict that Brooks Automation, Inc will post 1.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 6th. Brooks Automation’s dividend payout ratio (DPR) is 62.50%.

In related news, CEO Stephen S. Schwartz sold 3,976 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $31.76, for a total transaction of $126,277.76. Following the transaction, the chief executive officer now owns 513,455 shares in the company, valued at $16,307,330.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David C. Gray sold 1,933 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $31.77, for a total transaction of $61,411.41. Following the transaction, the insider now owns 145,777 shares in the company, valued at approximately $4,631,335.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,892 shares of company stock valued at $7,665,790. Insiders own 2.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BRKS. Meeder Asset Management Inc. purchased a new position in shares of Brooks Automation during the third quarter valued at about $104,000. Advisory Services Network LLC increased its position in shares of Brooks Automation by 2,387.2% during the third quarter. Advisory Services Network LLC now owns 3,507 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 3,366 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Brooks Automation during the second quarter valued at about $138,000. D.A. Davidson & CO. purchased a new position in shares of Brooks Automation during the third quarter valued at about $205,000. Finally, Cim LLC purchased a new position in shares of Brooks Automation during the third quarter valued at about $207,000. Institutional investors own 97.02% of the company’s stock.

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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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