Brooks Automation (NASDAQ:BRKS) Rating Increased to Hold at Zacks Investment Research

Brooks Automation (NASDAQ:BRKS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “

BRKS has been the topic of a number of other research reports. B. Riley cut their price target on Brooks Automation from $54.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Citigroup lowered their price target on Brooks Automation from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Janney Montgomery Scott reiterated a “buy” rating on shares of Brooks Automation in a research report on Friday, March 27th. TheStreet cut Brooks Automation from a “b-” rating to a “c+” rating in a report on Thursday, March 19th. Finally, BidaskClub raised Brooks Automation from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Brooks Automation has a consensus rating of “Hold” and a consensus target price of $39.60.

BRKS traded down $1.13 during trading on Tuesday, reaching $30.49. 57,190 shares of the stock were exchanged, compared to its average volume of 888,680. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.34 and a quick ratio of 1.97. Brooks Automation has a 1 year low of $21.19 and a 1 year high of $50.35. The business’s 50 day moving average price is $31.11 and its two-hundred day moving average price is $38.90. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 5.07 and a beta of 1.42.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $210.50 million during the quarter, compared to analyst estimates of $207.24 million. Brooks Automation had a return on equity of 6.41% and a net margin of 53.68%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, analysts anticipate that Brooks Automation will post 1 EPS for the current year.

In other Brooks Automation news, CFO Lindon G. Robertson sold 25,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $41.29, for a total value of $1,032,250.00. Following the transaction, the chief financial officer now directly owns 139,807 shares of the company’s stock, valued at approximately $5,772,631.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lindon G. Robertson sold 58,088 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $41.49, for a total transaction of $2,410,071.12. Following the completion of the transaction, the chief financial officer now directly owns 139,807 shares in the company, valued at $5,800,592.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,588 shares of company stock valued at $3,463,821. Company insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in Brooks Automation by 226.6% in the first quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock valued at $40,999,000 after buying an additional 969,851 shares during the period. Norges Bank bought a new stake in shares of Brooks Automation during the fourth quarter worth about $39,389,000. Nuveen Asset Management LLC boosted its holdings in Brooks Automation by 101.3% during the fourth quarter. Nuveen Asset Management LLC now owns 901,243 shares of the semiconductor company’s stock worth $37,816,000 after purchasing an additional 453,480 shares during the last quarter. Marshall Wace LLP boosted its holdings in Brooks Automation by 354.6% during the fourth quarter. Marshall Wace LLP now owns 487,239 shares of the semiconductor company’s stock worth $20,445,000 after purchasing an additional 380,056 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Brooks Automation by 95.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 411,765 shares of the semiconductor company’s stock valued at $17,277,000 after acquiring an additional 200,716 shares during the last quarter. Hedge funds and other institutional investors own 96.68% of the company’s stock.

About Brooks Automation

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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