Brooks Automation, Inc (BRKS) Short Interest Up 55.0% in January
Brooks Automation, Inc (NASDAQ:BRKS) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,158,107 shares, a growth of 55.0% from the January 12th total of 1,392,405 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 911,945 shares, the short-interest ratio is currently 2.4 days.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Janney Montgomery Scott set a $35.00 price objective on shares of Brooks Automation and gave the company a “buy” rating in a research report on Tuesday, January 23rd. BidaskClub downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. B. Riley lifted their price objective on shares of Brooks Automation from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Stephens reiterated a “buy” rating and issued a $36.00 price objective on shares of Brooks Automation in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.88.
In related news, VP David Jarzynka sold 10,000 shares of Brooks Automation stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $23.12, for a total value of $231,200.00. Following the sale, the vice president now directly owns 30,638 shares in the company, valued at approximately $708,350.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lindon G. Robertson sold 13,212 shares of Brooks Automation 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 sale, the chief financial officer now owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Insiders sold a total of 41,236 shares of company stock valued at $1,119,020 over the last ninety days. Company insiders own 2.36% of the company’s stock.
Shares of Brooks Automation (NASDAQ BRKS) opened at $24.62 on Wednesday. Brooks Automation has a 52-week low of $20.48 and a 52-week high of $34.77. The company has a market cap of $1,730.00, a PE ratio of 26.76 and a beta of 0.95. 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 (NASDAQ:BRKS) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Brooks Automation had a net margin of 9.03% and a return on equity of 14.43%. The company had revenue of $189.33 million for the quarter, compared to the consensus estimate of $184.48 million. During the same period in the previous year, the firm earned $0.25 EPS. Brooks Automation’s revenue was up 18.4% on a year-over-year basis. sell-side analysts anticipate that Brooks Automation will post 1.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. Brooks Automation’s dividend payout ratio (DPR) is 43.48%.
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.
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