BRP Inc. (NASDAQ:DOOO) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. raised its holdings in BRP Inc. (NASDAQ:DOOO) by 323.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,100 shares of the company’s stock after acquiring an additional 95,530 shares during the quarter. Intact Investment Management Inc.’s holdings in BRP were worth $8,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOOO. Vanguard Group Inc. raised its holdings in BRP by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,282,737 shares of the company’s stock worth $97,308,000 after buying an additional 18,859 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of BRP by 10.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company’s stock valued at $82,997,000 after purchasing an additional 107,383 shares during the period. Invesco Ltd. increased its holdings in BRP by 0.7% in the third quarter. Invesco Ltd. now owns 930,298 shares of the company’s stock worth $70,572,000 after buying an additional 6,117 shares during the last quarter. Royal Bank of Canada increased its holdings in BRP by 34.0% in the third quarter. Royal Bank of Canada now owns 589,213 shares of the company’s stock worth $44,697,000 after buying an additional 149,529 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in BRP by 4.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 531,476 shares of the company’s stock worth $40,227,000 after purchasing an additional 21,900 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DOOO shares. Desjardins upped their target price on BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. TheStreet cut BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. CIBC upped their target price on BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research report on Monday, April 1st. Finally, Raymond James decreased their target price on BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.78.

BRP Stock Performance

DOOO traded down $0.43 during trading on Friday, reaching $68.74. 61,719 shares of the company’s stock were exchanged, compared to its average volume of 149,897. BRP Inc. has a fifty-two week low of $57.15 and a fifty-two week high of $92.74. The company has a quick ratio of 0.55, a current ratio of 1.41 and a debt-to-equity ratio of 3.32. The business has a 50 day moving average price of $66.99 and a 200 day moving average price of $68.21. The company has a market capitalization of $5.21 billion, a P/E ratio of 9.79 and a beta of 2.12.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Thursday, March 28th. The company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.12). BRP had a return on equity of 120.39% and a net margin of 7.20%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, analysts predict that BRP Inc. will post 5.7 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were issued a dividend of $0.1545 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.90%. BRP’s payout ratio is presently 8.83%.

BRP Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.