TD Waterhouse Canada Inc. Takes Position in Brookfield Business Corp $BBUC

Key Points

• TD Waterhouse Canada acquired 771,618 Brookfield Business shares worth approximately $23.25 million, giving it a 0.37% stake. Institutional investors and hedge funds collectively own 85.04% of the company.
• Analyst sentiment is mixed, with three Buy, two Hold and one Sell rating. The consensus rating is Hold, with an average price target of $39.20 versus the stock’s recent $27.99 price.
• Brookfield Business reported quarterly EPS of $0.18 on $6.50 billion in revenue and declared a $0.0625 quarterly dividend, equivalent to $0.25 annually and a 0.9% yield.

TD Waterhouse Canada Inc. bought a new stake in shares of Brookfield Business Corp (NYSE:BBUC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 771,618 shares of the company's stock, valued at approximately $23,247,000. TD Waterhouse Canada Inc. owned approximately 0.37% of Brookfield Business at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in shares of Brookfield Business by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 7,302 shares of the company's stock valued at $262,000 after purchasing an additional 482 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Brookfield Business by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,587 shares of the company's stock worth $488,000 after buying an additional 993 shares during the last quarter. Mariner LLC increased its stake in Brookfield Business by 14.3% during the 4th quarter. Mariner LLC now owns 12,099 shares of the company's stock worth $434,000 after buying an additional 1,515 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Brookfield Business by 6.8% during the third quarter. Bank of America Corp DE now owns 52,377 shares of the company's stock valued at $1,756,000 after acquiring an additional 3,348 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Brookfield Business by 12.8% in the fourth quarter. TD Asset Management Inc now owns 43,597 shares of the company's stock valued at $1,560,000 after acquiring an additional 4,952 shares in the last quarter. 85.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BBUC has been the subject of several research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Brookfield Business in a research report on Wednesday, August 5th. Scotiabank set a $40.50 target price on shares of Brookfield Business in a research report on Friday, July 24th. Royal Bank Of Canada cut their price objective on shares of Brookfield Business from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, May 11th. TD Cowen lowered their target price on Brookfield Business from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.20.

Brookfield Business Stock Performance

Brookfield Business stock opened at $27.99 on Friday. The firm has a 50 day simple moving average of $29.71 and a 200-day simple moving average of $31.94. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of -71.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.44 and a quick ratio of 1.22. Brookfield Business Corp has a 1-year low of $26.93 and a 1-year high of $38.25.

Brookfield Business (NYSE:BBUC - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.18 EPS for the quarter. The firm had revenue of $6.50 billion for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%. On average, analysts expect that Brookfield Business Corp will post 5.31 EPS for the current year.

Brookfield Business Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a $0.0625 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. Brookfield Business's payout ratio is currently -64.10%.

About Brookfield Business

Brookfield Business NYSE: BBUC is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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