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

Blueshift Asset Management LLC trimmed its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 28.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Baillie Gifford & Co. increased its stake in Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company's stock valued at $176,903,000 after acquiring an additional 1,137,568 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock worth $259,010,000 after buying an additional 452,116 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Brunswick by 447.5% during the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company's stock worth $22,772,000 after buying an additional 222,062 shares during the last quarter. Swedbank AB acquired a new stake in Brunswick in the first quarter valued at about $19,304,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Brunswick during the third quarter worth about $15,907,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy E. Cooper sold 366 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by corporate insiders.

Brunswick Price Performance

Shares of NYSE BC opened at $80.74 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $5.33 billion, a PE ratio of 20.08 and a beta of 1.51. The firm has a fifty day simple moving average of $81.92 and a 200 day simple moving average of $78.78. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.08%. Brunswick's dividend payout ratio is currently 41.79%.

Wall Street Analyst Weigh In

BC has been the subject of a number of research analyst reports. Benchmark reiterated a "buy" rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. B. Riley lowered Brunswick from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday. Finally, Citigroup increased their target price on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.54.

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.

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