Brooks Automation (BRKS) Downgraded to Buy at BidaskClub
BidaskClub cut shares of Brooks Automation (NASDAQ:BRKS) from a strong-buy rating to a buy rating in a report published on Thursday morning.
BRKS has been the topic of several other research reports. B. Riley restated a buy rating and issued a $34.00 target price on shares of Brooks Automation in a report on Monday, November 13th. Stifel Nicolaus raised their target price 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. Zacks Investment Research cut shares of Brooks Automation from a buy rating to a hold rating in a report on Friday, November 10th. Stephens started coverage on shares of Brooks Automation in a report on Thursday, December 21st. They issued an overweight rating and a $32.00 target price on the stock. Finally, Citigroup raised their target price 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $31.63.
Brooks Automation (BRKS) opened at $28.82 on Thursday. Brooks Automation has a fifty-two week low of $16.79 and a fifty-two week high of $34.77. The stock has a market cap of $2,029.71, a P/E ratio of 32.02 and a beta of 0.93.
In related news, CEO Stephen S. Schwartz sold 8,667 shares of Brooks Automation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total value of $292,944.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP William T. Montone sold 2,257 shares of Brooks Automation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $33.80, for a total transaction of $76,286.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,258 shares of company stock worth $2,226,732. 2.36% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. boosted its holdings in Brooks Automation by 336.2% in the fourth quarter. Fox Run Management L.L.C. now owns 60,201 shares of the semiconductor company’s stock valued at $1,436,000 after acquiring an additional 46,401 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Brooks Automation by 1.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 432,093 shares of the semiconductor company’s stock valued at $10,306,000 after buying an additional 5,933 shares during the period. North Star Investment Management Corp. lifted its position in Brooks Automation by 4.0% during the fourth quarter. North Star Investment Management Corp. now owns 52,000 shares of the semiconductor company’s stock valued at $1,240,000 after buying an additional 2,000 shares during the period. Pura Vida Investments LLC purchased a new position in Brooks Automation during the third quarter valued at $2,884,000. Finally, Insight Capital Research & Management Inc. purchased a new position in Brooks Automation during the third quarter valued at $2,386,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
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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