Price T Rowe Associates Inc. MD Has $122.03 Million Position in BRP Inc. (NASDAQ:DOOO)

Price T Rowe Associates Inc. MD decreased its holdings in BRP Inc. (NASDAQ:DOOO) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,398,765 shares of the company’s stock after selling 65,010 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in BRP were worth $122,027,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOOO. Quadrant Capital Group LLC grew its position in BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after acquiring an additional 490 shares during the period. Signaturefd LLC boosted its stake in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after purchasing an additional 903 shares in the last quarter. Dnca Finance boosted its stake in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after purchasing an additional 369 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of BRP in the 4th quarter worth about $77,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of BRP during the 4th quarter worth about $148,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DOOO shares. UBS Group reduced their price target on shares of BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. TD Securities reissued a “hold” rating on shares of BRP in a report on Thursday, March 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price target (down from $48.00) on shares of BRP in a report on Friday, April 4th. Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Citigroup upgraded BRP from a “sell” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.75.

BRP Stock Down 0.1 %

NASDAQ:DOOO opened at $34.52 on Monday. The stock’s fifty day moving average price is $37.12 and its two-hundred day moving average price is $45.59. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 18.36 and a beta of 1.71. BRP Inc. has a 52-week low of $31.78 and a 52-week high of $74.00. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a dividend of $0.1508 per share. This is a boost from BRP’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. BRP’s payout ratio is currently -29.21%.

About BRP

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.