UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Brunswick Co. (NYSE:BC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Brunswick Co. (NYSE:BC - Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 1.90% of Brunswick worth $105,169,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Brunswick in the third quarter worth about $26,000. Avior Wealth Management LLC grew its holdings in shares of Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock worth $56,000 after acquiring an additional 612 shares during the last quarter. Covestor Ltd grew its holdings in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Brunswick by 92.5% during 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 during the period. Finally, Fifth Third Bancorp raised 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 valued at $110,000 after purchasing an additional 483 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the 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 transaction, the director now directly owns 24,557 shares of the company's stock, valued at $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company's stock.

Brunswick Trading Down 0.7 %

Shares of Brunswick stock traded down $0.59 during mid-day trading on Monday, hitting $79.92. 482,064 shares of the stock were exchanged, compared to its average volume of 693,839. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.99 and a beta of 1.51. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The company has a 50-day simple moving average of $81.74 and a 200 day simple moving average of $78.70.

Brunswick Dividend Announcement

The firm also recently disclosed 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 2.10%. Brunswick's dividend payout ratio is presently 41.79%.

Analysts Set New Price Targets

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