Brooks Automation (NASDAQ:BRKS) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other research analysts also recently issued reports on the company. Janney Montgomery Scott set a $35.00 price target on Brooks Automation and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Stephens reaffirmed a “buy” rating and set a $36.00 price target on shares of Brooks Automation in a research note on Friday, February 2nd. B. Riley lifted their price target on Brooks Automation from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded Brooks Automation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Brooks Automation has an average rating of “Buy” and a consensus price target of $32.88.

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Brooks Automation (BRKS) opened at $29.51 on Friday. The stock has a market capitalization of $2,080.49, a price-to-earnings ratio of 31.73 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.33. Brooks Automation has a one year low of $20.63 and a one year high of $34.77.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $189.33 million during the quarter, compared to the consensus estimate of $184.48 million. Brooks Automation had a return on equity of 14.43% and a net margin of 9.03%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. research analysts forecast that Brooks Automation will post 1.41 earnings per share for the current fiscal year.

In related news, insider David Pietrantoni sold 7,575 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.89, for a total value of $203,691.75. Following the completion of the transaction, the insider now owns 60,142 shares of the company’s stock, valued at approximately $1,617,218.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lindon G. Robertson sold 13,212 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,591,280. The disclosure for this sale can be found here. Insiders sold a total of 45,811 shares of company stock valued at $1,293,672 in the last three months. 2.36% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new position in Brooks Automation in the 4th quarter valued at about $163,000. MetLife Investment Advisors LLC acquired a new position in Brooks Automation in the 4th quarter valued at about $778,000. Gotham Asset Management LLC raised its stake in Brooks Automation by 107.9% in the 4th quarter. Gotham Asset Management LLC now owns 21,205 shares of the semiconductor company’s stock valued at $506,000 after purchasing an additional 11,005 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Brooks Automation by 11.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 29,050 shares of the semiconductor company’s stock valued at $693,000 after buying an additional 2,920 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in Brooks Automation by 74.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 882,810 shares of the semiconductor company’s stock valued at $21,055,000 after buying an additional 377,435 shares during the period. 90.34% of the stock is owned by hedge funds and other institutional investors.

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Brooks Automation Company Profile

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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