Jarislowsky Fraser Ltd Invests $244,000 in Brookfield Business Partners L.P. (BBU)

Jarislowsky Fraser Ltd bought a new stake in Brookfield Business Partners L.P. (NYSE:BBU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,258 shares of the business services provider’s stock, valued at approximately $244,000.

Several other large investors have also recently made changes to their positions in BBU. Acadian Asset Management LLC acquired a new position in Brookfield Business Partners L.P. during the second quarter worth $486,000. Steinberg Global Asset Management lifted its stake in Brookfield Business Partners L.P. by 10.4% during the second quarter. Steinberg Global Asset Management now owns 14,494 shares of the business services provider’s stock worth $392,000 after purchasing an additional 1,360 shares during the period. CIBC Asset Management Inc raised its stake in shares of Brookfield Business Partners L.P. by 476.9% in the second quarter. CIBC Asset Management Inc now owns 717,862 shares of the business services provider’s stock valued at $19,391,000 after acquiring an additional 593,430 shares during the last quarter. First Manhattan Co. raised its stake in shares of Brookfield Business Partners L.P. by 20.0% in the second quarter. First Manhattan Co. now owns 79,022 shares of the business services provider’s stock valued at $2,133,000 after acquiring an additional 13,153 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Brookfield Business Partners L.P. by 3.2% in the second quarter. TD Asset Management Inc. now owns 114,662 shares of the business services provider’s stock valued at $3,096,000 after acquiring an additional 3,607 shares during the last quarter. Institutional investors and hedge funds own 61.42% of the company’s stock.

Shares of Brookfield Business Partners L.P. (NYSE BBU) traded down $0.13 during mid-day trading on Wednesday, hitting $29.79. 20,400 shares of the stock were exchanged, compared to its average volume of 25,299. The company has a current ratio of 0.87, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. Brookfield Business Partners L.P. has a 12 month low of $22.50 and a 12 month high of $31.78.

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A number of analysts recently weighed in on the stock. TheStreet lowered shares of Brookfield Business Partners L.P. from a “c” rating to a “d” rating in a report on Monday, November 6th. Scotiabank boosted their price target on shares of Brookfield Business Partners L.P. from $29.00 to $33.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Brookfield Business Partners LP boosted their price objective on shares of Brookfield Business Partners L.P. to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th.

Brookfield Business Partners L.P. Company Profile

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

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