Zacks Investment Research lowered shares of Brooks Automation (NASDAQ:BRKS) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Zacks.com reports.

According to Zacks, “Brooks Automation is a leading worldwide provider of automation, vacuum, and instrumentation solutions for multiple markets including semiconductor manufacturing, life sciences, and clean energy. Their technologies, engineering competencies, and global service capabilities provide customers speed to market, and ensure high uptime and rapid response, which equate to superior value in their mission-critical controlled environments. Since 1978, they have been a leading partner to the global semiconductor manufacturing market and through product development initiatives and strategic business acquisitions; they have expanded their reach to meet the needs of customers in the life sciences industry, analytical & research markets, and clean energy solutions. “

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their price objective on shares of Western Digital from $48.00 to $55.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Finally, BidaskClub lowered shares of Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Brooks Automation presently has an average rating of Buy and an average target price of $39.71.

Shares of BRKS opened at $38.25 on Monday. The company’s 50-day moving average is $38.17. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 40.57 and a beta of 1.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.86 and a quick ratio of 2.25. Brooks Automation has a 1-year low of $23.02 and a 1-year high of $42.17.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $198.00 million for the quarter, compared to analyst estimates of $193.24 million. Brooks Automation had a net margin of 6.68% and a return on equity of 9.45%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts expect that Brooks Automation will post 0.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, June 6th. Brooks Automation’s payout ratio is currently 62.50%.

In related news, insider David Pietrantoni sold 8,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $35.51, for a total transaction of $284,080.00. Following the sale, the insider now owns 43,101 shares of the company’s stock, valued at $1,530,516.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William T. Montone sold 4,539 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $34.54, for a total transaction of $156,777.06. Following the sale, the senior vice president now directly owns 113,809 shares in the company, valued at approximately $3,930,962.86. The disclosure for this sale can be found here. Insiders have sold 24,163 shares of company stock worth $893,669 in the last three months. 2.45% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of BRKS. TimesSquare Capital Management LLC bought a new stake in Brooks Automation during the first quarter worth about $37,997,000. Norges Bank bought a new position in shares of Brooks Automation in the fourth quarter worth approximately $30,816,000. FMR LLC lifted its stake in shares of Brooks Automation by 226.6% in the first quarter. FMR LLC now owns 1,397,834 shares of the semiconductor company’s stock worth $40,999,000 after buying an additional 969,851 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Brooks Automation by 32.9% in the first quarter. Wells Fargo & Company MN now owns 2,365,216 shares of the semiconductor company’s stock worth $69,371,000 after buying an additional 585,715 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Brooks Automation by 35.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,708,522 shares of the semiconductor company’s stock worth $44,729,000 after buying an additional 450,263 shares in the last quarter. 98.54% of the stock is currently owned by institutional investors and hedge funds.

Brooks Automation Company Profile

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.

Further Reading: Why is the ex-dividend date different from the record date?

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