UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $105.17 Million Holdings in Brunswick Co. (NYSE:BC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Brunswick Co. (NYSE:BC) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,254,706 shares of the company’s stock after selling 20,396 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.90% of Brunswick worth $105,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BC. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick during the 3rd quarter worth $26,000. Avior Wealth Management LLC lifted its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the period. Covestor Ltd grew its stake in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Brunswick by 47.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 0.1 %

Shares of NYSE BC opened at $80.51 on Monday. The company has a 50 day simple moving average of $81.74 and a 200 day simple moving average of $78.73. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68. The firm has a market cap of $5.31 billion, a PE ratio of 20.03 and a beta of 1.51.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.09%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Citigroup raised their price objective on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last 90 days. 0.81% of the stock is owned by insiders.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.