Brooks Automation (NASDAQ:BRKS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of Brooks Automation from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Citigroup raised their price target on shares of Brooks Automation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley restated a “buy” rating and issued a $34.00 price target on shares of Brooks Automation in a report on Monday, November 13th. Finally, Stephens began coverage on shares of Brooks Automation in a report on Thursday, December 21st. They issued an “overweight” rating and a $32.00 price target for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.88.
Shares of Brooks Automation (BRKS) opened at $25.25 on Wednesday. Brooks Automation has a 12-month low of $20.37 and a 12-month high of $34.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.33. The firm has a market cap of $1,760.74, a price-to-earnings ratio of 27.15 and a beta of 0.95.
In other Brooks Automation news, SVP William T. Montone sold 8,024 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $28.00, for a total value of $224,672.00. Following the transaction, the senior vice president now directly owns 133,325 shares of the company’s stock, valued at $3,733,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lindon G. Robertson sold 13,212 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $29.00, for a total transaction of $383,148.00. Following the completion of the transaction, the chief financial officer now directly owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Insiders sold 87,710 shares of company stock valued at $2,445,853 over the last 90 days. Corporate insiders own 2.36% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BRKS. Advisor Group Inc. bought a new position in shares of Brooks Automation in the second quarter valued at $122,000. Ameritas Investment Partners Inc. lifted its stake in shares of 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 buying an additional 348 shares in the last quarter. Flinton Capital Management LLC lifted its stake in shares of 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 buying an additional 2,072 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Brooks Automation by 3.4% in the second quarter. Amalgamated Bank now owns 9,526 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 313 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Brooks Automation in the second quarter valued at $223,000. 88.94% of the stock is currently owned by hedge funds and other institutional investors.
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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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