10,277 Shares in Brookfield Business Partners L.P. (NYSE:BBU) Acquired by BBR Partners LLC

BBR Partners LLC acquired a new stake in Brookfield Business Partners L.P. (NYSE:BBU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,277 shares of the business services provider’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBU. Bank of New York Mellon Corp increased its position in shares of Brookfield Business Partners by 8.9% in the fourth quarter. Bank of New York Mellon Corp now owns 17,724 shares of the business services provider’s stock valued at $415,000 after buying an additional 1,448 shares in the last quarter. Gold Investment Management Ltd. grew its stake in Brookfield Business Partners by 7.4% in the 3rd quarter. Gold Investment Management Ltd. now owns 31,501 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 2,169 shares during the last quarter. Caldwell Investment Management Ltd. purchased a new position in Brookfield Business Partners during the 4th quarter valued at about $1,731,000. National Bank of Canada FI increased its holdings in Brookfield Business Partners by 20.6% during the 3rd quarter. National Bank of Canada FI now owns 97,584 shares of the business services provider’s stock valued at $2,274,000 after acquiring an additional 16,684 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Brookfield Business Partners by 29.9% during the third quarter. Principal Financial Group Inc. now owns 117,189 shares of the business services provider’s stock worth $2,731,000 after acquiring an additional 26,947 shares during the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Partners Stock Performance

Shares of NYSE BBU opened at $23.62 on Friday. The company has a 50-day simple moving average of $23.13 and a 200-day simple moving average of $23.03. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.50 and a quick ratio of 0.39. The company has a market cap of $1.75 billion, a PE ratio of -48.20 and a beta of 1.50. Brookfield Business Partners L.P. has a 12 month low of $16.85 and a 12 month high of $26.75.

Brookfield Business Partners (NYSE:BBU) last released its earnings results on Friday, January 31st. The business services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.09%. On average, equities analysts anticipate that Brookfield Business Partners L.P. will post 5.25 earnings per share for the current year.

Brookfield Business Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 annualized dividend and a yield of 1.06%. Brookfield Business Partners’s payout ratio is currently -51.02%.

Analysts Set New Price Targets

BBU has been the topic of several research reports. BMO Capital Markets increased their price target on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Royal Bank of Canada reduced their target price on Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Scotiabank reissued an “outperform” rating on shares of Brookfield Business Partners in a research report on Monday, February 3rd. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Brookfield Business Partners currently has an average rating of “Buy” and a consensus price target of $32.33.

Brookfield Business Partners Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.