Brooks Automation, Inc (NASDAQ:BRKS) shares dropped 5.9% during trading on Tuesday . The company traded as low as $32.12 and last traded at $32.14. Approximately 876,900 shares changed hands during trading, an increase of 14% from the average daily volume of 771,699 shares. The stock had previously closed at $34.14.

BRKS has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Saturday, August 18th. Janney Montgomery Scott reiterated 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 downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Citigroup increased their price objective on shares of Brooks Automation from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, Stephens reiterated a “buy” rating and set a $35.00 price objective on shares of Brooks Automation in a research note on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brooks Automation presently has a consensus rating of “Buy” and an average target price of $39.71.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 3.29. The stock has a market capitalization of $2.42 billion, a PE ratio of 26.74 and a beta of 1.02.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. The company had revenue of $223.48 million for the quarter, compared to the consensus estimate of $218.98 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. sell-side analysts forecast that Brooks Automation, Inc will post 1.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. Brooks Automation’s payout ratio is currently 32.26%.

In other news, CFO Lindon G. Robertson sold 13,042 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total value of $508,638.00. Following the transaction, the chief financial officer now directly owns 136,642 shares in the company, valued at approximately $5,329,038. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jason Joseph sold 1,965 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $38.00, for a total transaction of $74,670.00. Following the completion of the transaction, the vice president now owns 86,868 shares in the company, valued at $3,300,984. The disclosure for this sale can be found here. Company insiders own 2.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of Brooks Automation by 2.4% in the 2nd quarter. Northern Trust Corp now owns 932,025 shares of the semiconductor company’s stock worth $30,403,000 after buying an additional 21,877 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Brooks Automation in the 2nd quarter worth about $1,335,000. Advisors Asset Management Inc. bought a new stake in Brooks Automation in the 2nd quarter valued at about $268,000. Global X Management Co LLC lifted its position in Brooks Automation by 11.1% in the 2nd quarter. Global X Management Co LLC now owns 1,378,133 shares of the semiconductor company’s stock valued at $44,955,000 after purchasing an additional 137,445 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Brooks Automation by 17.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,741,941 shares of the semiconductor company’s stock valued at $56,822,000 after purchasing an additional 263,030 shares during the last quarter. Institutional investors own 94.54% of the company’s stock.

Brooks Automation Company Profile (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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