Short Interest in Brooks Automation, Inc. (NASDAQ:BRKS) Increases By 33.1%

Brooks Automation, Inc. (NASDAQ:BRKS) was the target of a large growth in short interest during the month of July. As of July 14th, there was short interest totalling 990,528 shares, a growth of 33.1% from the June 30th total of 744,128 shares. Based on an average trading volume of 744,322 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.5% of the shares of the company are short sold.

Several large investors have recently bought and sold shares of BRKS. State of Alaska Department of Revenue increased its position in Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock worth $171,000 after buying an additional 240 shares in the last quarter. Columbus Circle Investors purchased a new position in shares of Brooks Automation during the first quarter worth $2,765,000. Louisiana State Employees Retirement System increased its position in shares of Brooks Automation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 28,300 shares of the semiconductor company’s stock worth $634,000 after buying an additional 600 shares during the period. Alpha Windward LLC purchased a new position in shares of Brooks Automation during the first quarter worth $500,000. Finally, Bank of Montreal Can increased its position in shares of Brooks Automation by 8,157.8% in the first quarter. Bank of Montreal Can now owns 92,818 shares of the semiconductor company’s stock worth $2,079,000 after buying an additional 91,694 shares during the period. Institutional investors and hedge funds own 89.88% of the company’s stock.

A number of research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Brooks Automation in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Friday, August 4th. Credit Suisse Group reiterated a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a research report on Thursday, August 3rd. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus upgraded Brooks Automation from a “hold” rating to a “buy” rating and upped their target price for the company from $22.00 to $32.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.43.

Shares of Brooks Automation (NASDAQ:BRKS) opened at 24.95 on Friday. The company’s 50-day moving average price is $24.44 and its 200 day moving average price is $23.82. Brooks Automation has a 1-year low of $12.05 and a 1-year high of $30.23. The firm has a market cap of $1.68 billion, a PE ratio of 31.23 and a beta of 1.03.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts predict that Brooks Automation will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.60%. Brooks Automation’s payout ratio is currently 50.00%.

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About Brooks Automation

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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