Brookfield Business (NYSE:BBUC) Upgraded at Zacks Research

Zacks Research upgraded shares of Brookfield Business (NYSE:BBUC) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Business in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Brookfield Business Trading Up 3.0%

Shares of BBUC stock opened at $34.45 on Tuesday. The company has a fifty day simple moving average of $33.94. The company has a quick ratio of 0.19, a current ratio of 0.27 and a debt-to-equity ratio of 2.84. Brookfield Business has a 1 year low of $21.52 and a 1 year high of $38.25. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -132.51 and a beta of 1.32.

Brookfield Business Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Brookfield Business

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in Brookfield Business by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 52,377 shares of the company’s stock valued at $1,756,000 after purchasing an additional 3,348 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Brookfield Business during the third quarter worth approximately $907,000. SG Americas Securities LLC bought a new stake in Brookfield Business in the fourth quarter valued at approximately $178,000. Signaturefd LLC lifted its position in shares of Brookfield Business by 29.4% in the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after buying an additional 685 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Brookfield Business in the fourth quarter valued at approximately $431,000. 85.04% of the stock is owned by institutional investors.

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.