Blueshift Asset Management LLC Has $1.31 Million Stake in Brunswick Co. (NYSE:BC)

Blueshift Asset Management LLC lessened its stake in Brunswick Co. (NYSE:BC) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,656 shares of the company’s stock after selling 6,287 shares during the quarter. Blueshift Asset Management LLC’s holdings in Brunswick were worth $1,312,000 at the end of the most recent reporting period.

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

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $88.00 in a research note on Tuesday. Finally, Citigroup lifted their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Brunswick Stock Performance

Shares of BC stock opened at $80.74 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The firm’s 50 day moving average price is $81.92 and its 200-day moving average price is $78.78. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The firm has a market cap of $5.33 billion, a P/E ratio of 20.08 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 given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Brunswick’s dividend payout ratio is presently 41.79%.

Brunswick 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.