Bank of Montreal Can Has $42.07 Million Stake in Brookfield Business Partners L.P. Limited Partnership Units (BBU)

Bank of Montreal Can boosted its stake in shares of Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,218,750 shares of the business services provider’s stock after buying an additional 33,247 shares during the period. Bank of Montreal Can owned 1.87% of Brookfield Business Partners L.P. Limited Partnership Units worth $42,072,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pinebridge Investments L.P. purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 3rd quarter valued at $113,000. Wells Fargo & Company MN increased its holdings in Brookfield Business Partners L.P. Limited Partnership Units by 434.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,137 shares of the business services provider’s stock worth $139,000 after purchasing an additional 4,176 shares during the period. Jarislowsky Fraser Ltd purchased a new position in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 3rd quarter valued at about $244,000. Steinberg Global Asset Management increased its holdings in shares of Brookfield Business Partners L.P. Limited Partnership Units by 13.4% in the 3rd quarter. Steinberg Global Asset Management now owns 16,431 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Brookfield Business Partners L.P. Limited Partnership Units by 10.8% in the 2nd quarter. Northern Trust Corp now owns 18,854 shares of the business services provider’s stock valued at $510,000 after acquiring an additional 1,834 shares during the last quarter. 65.69% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Business Partners L.P. Limited Partnership Units (BBU) traded up $0.74 on Monday, hitting $37.06. The stock had a trading volume of 50,726 shares, compared to its average volume of 73,284. Brookfield Business Partners L.P. Limited Partnership Units has a 1-year low of $23.82 and a 1-year high of $40.01. The company has a quick ratio of 0.70, a current ratio of 0.87 and a debt-to-equity ratio of 0.45.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) last released its quarterly earnings data on Monday, February 12th. The business services provider reported ($0.35) earnings per share for the quarter. Brookfield Business Partners L.P. Limited Partnership Units had a net margin of 1.30% and a return on equity of 2.05%.

A number of research analysts have recently commented on the company. Citigroup assumed coverage on Brookfield Business Partners L.P. Limited Partnership Units in a report on Wednesday, December 20th. They issued a “buy” rating and a $39.00 price objective on the stock. Scotiabank upped their target price on Brookfield Business Partners L.P. Limited Partnership Units from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada assumed coverage on Brookfield Business Partners L.P. Limited Partnership Units in a research report on Thursday, January 18th. They issued a “sector perform” rating and a $41.00 target price for the company. Credit Suisse Group upped their target price on Brookfield Business Partners L.P. Limited Partnership Units to $42.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, TheStreet cut Brookfield Business Partners L.P. Limited Partnership Units from a “c” rating to a “d” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Brookfield Business Partners L.P. Limited Partnership Units presently has an average rating of “Buy” and an average target price of $41.40.

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About Brookfield Business Partners L.P. Limited Partnership Units

Institutional Ownership by Quarter for Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU)

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