Boston Partners lessened its holdings in shares of Brunswick Co. (NYSE:BC) by 67.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,428,248 shares of the company’s stock after selling 2,903,959 shares during the period. Boston Partners’ holdings in Brunswick were worth $78,868,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Engineers Gate Manager LP grew its stake in shares of Brunswick by 90.6% in the 4th quarter. Engineers Gate Manager LP now owns 29,797 shares of the company’s stock valued at $1,645,000 after buying an additional 14,163 shares in the last quarter. LSV Asset Management grew its stake in shares of Brunswick by 17.4% in the 4th quarter. LSV Asset Management now owns 446,540 shares of the company’s stock valued at $24,657,000 after buying an additional 66,087 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brunswick by 47.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after buying an additional 1,540 shares in the last quarter. Hermes Investment Management Ltd. grew its stake in shares of Brunswick by 4.2% in the 4th quarter. Hermes Investment Management Ltd. now owns 876,596 shares of the company’s stock valued at $48,406,000 after buying an additional 35,370 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Brunswick by 776.9% in the 4th quarter. SG Americas Securities LLC now owns 23,747 shares of the company’s stock valued at $1,311,000 after buying an additional 21,039 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.
In other news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on BC shares. Royal Bank of Canada lowered their price target on Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. B. Riley boosted their price target on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, CL King reissued a “neutral” rating on shares of Brunswick in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.23.
Shares of Brunswick Co. (NYSE:BC) opened at $58.17 on Tuesday. The stock has a market capitalization of $5,245.61, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.82. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. Brunswick Co. has a 12-month low of $48.04 and a 12-month high of $64.45.
Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. equities analysts forecast that Brunswick Co. will post 4.57 EPS for the current fiscal year.
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Brunswick Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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