TD Waterhouse Canada Inc. Boosts Holdings in Brookfield Business Partners L.P. (NYSE:BBU)

TD Waterhouse Canada Inc. grew its position in shares of Brookfield Business Partners L.P. (NYSE:BBU - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,020,778 shares of the business services provider's stock after purchasing an additional 22,713 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 1.37% of Brookfield Business Partners worth $22,506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BBU. Intact Investment Management Inc. raised its position in Brookfield Business Partners by 52.6% in the 4th quarter. Intact Investment Management Inc. now owns 2,900 shares of the business services provider's stock valued at $68,000 after purchasing an additional 1,000 shares during the last quarter. BBR Partners LLC acquired a new position in Brookfield Business Partners in the fourth quarter valued at $241,000. Bank of New York Mellon Corp raised its holdings 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 during the last quarter. Gold Investment Management Ltd. boosted its stake in shares of Brookfield Business Partners by 3.2% during the fourth quarter. Gold Investment Management Ltd. now owns 32,518 shares of the business services provider's stock worth $767,000 after buying an additional 1,017 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Brookfield Business Partners by 64.7% during the fourth quarter. Russell Investments Group Ltd. now owns 63,017 shares of the business services provider's stock worth $1,485,000 after buying an additional 24,755 shares during the last quarter. Institutional investors and hedge funds own 85.04% of the company's stock.

Brookfield Business Partners Stock Performance

Shares of BBU stock traded down $0.11 during trading hours on Friday, reaching $21.76. 4,101 shares of the company's stock were exchanged, compared to its average volume of 15,159. 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's 50 day moving average is $22.66 and its two-hundred day moving average is $23.14. The company has a market cap of $1.94 billion, a P/E ratio of -44.40 and a beta of 1.34. Brookfield Business Partners L.P. has a 1 year low of $16.85 and a 1 year high of $26.75.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $1.33. Brookfield Business Partners had a return on equity of 5.09% and a net margin of 2.20%. Equities research analysts anticipate that Brookfield Business Partners L.P. will post 5.25 EPS for the current fiscal year.

Brookfield Business Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Business Partners's payout ratio is currently -51.02%.

Wall Street Analysts Forecast Growth

BBU has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Royal Bank of Canada cut their price target on Brookfield Business Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, Scotiabank lowered their price objective on shares of Brookfield Business Partners from $33.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Thursday.

Brookfield Business Partners Company 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.