Brooks Automation (NASDAQ:BRKS) Stock Rating Lowered by ValuEngine

Brooks Automation (NASDAQ:BRKS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other equities analysts have also recently issued reports on BRKS. Zacks Investment Research cut Brooks Automation from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $35.00 target price on shares of Brooks Automation in a report on Friday, August 23rd. B. Riley set a $47.00 target price on Brooks Automation and gave the stock a “buy” rating in a report on Wednesday, September 18th. Citigroup cut Brooks Automation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $42.00 in a report on Monday, September 23rd. Finally, TheStreet upgraded Brooks Automation from a “c+” rating to a “b-” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.20.

Brooks Automation stock opened at $40.98 on Tuesday. The business’s 50-day simple moving average is $43.62 and its 200 day simple moving average is $38.44. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 53.22 and a beta of 1.39. Brooks Automation has a 12-month low of $23.02 and a 12-month high of $50.35. The company has a quick ratio of 2.01, a current ratio of 2.37 and a debt-to-equity ratio of 0.04.

Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $200.23 million for the quarter, compared to analysts’ expectations of $195.38 million. Brooks Automation had a return on equity of 6.67% and a net margin of 55.99%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. As a group, sell-side analysts expect that Brooks Automation will post 1.25 EPS for the current year.

In other news, CEO Stephen S. Schwartz sold 108,391 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $45.25, for a total transaction of $4,904,692.75. Following the sale, the chief executive officer now owns 714,871 shares of the company’s stock, valued at $32,347,912.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jason Joseph sold 5,478 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $42.50, for a total value of $232,815.00. Following the sale, the senior vice president now directly owns 77,352 shares in the company, valued at approximately $3,287,460. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,648 shares of company stock worth $9,882,176. Company insiders own 2.45% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of Brooks Automation by 75.0% during the second quarter. Advisory Services Network LLC now owns 1,444 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 619 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Brooks Automation by 6,038.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,903 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 1,872 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Brooks Automation by 213.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,076 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 1,414 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Brooks Automation in the 2nd quarter valued at approximately $81,000. Finally, Russell Investments Group Ltd. acquired a new stake in Brooks Automation in the 3rd quarter valued at approximately $101,000.

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.

Read More: Neutral Rating

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