Systematic Financial Management LP bought a new position in shares of BRP Inc. (NASDAQ:DOO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 249,741 shares of the company’s stock, valued at approximately $17,672,000. Systematic Financial Management LP owned approximately 0.34% of BRP as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. VELA Investment Management LLC bought a new stake in BRP during the fourth quarter worth about $1,651,000. Addenda Capital Inc. bought a new stake in BRP during the fourth quarter worth about $1,170,000. Triasima Portfolio Management inc. bought a new stake in BRP during the fourth quarter worth about $5,551,000. QV Investors Inc. bought a new stake in BRP during the fourth quarter worth about $31,701,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in BRP during the fourth quarter worth about $852,000.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Seaport Research Partners lowered BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. TD Securities lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada dropped their price objective on BRP from $124.00 to $107.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Finally, Zacks Research lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Hold” and a consensus price target of $85.67.
BRP Stock Up 1.1%
NASDAQ:DOO opened at $55.38 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The company has a 50 day simple moving average of $62.07. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.03 and a beta of 0.90. BRP Inc. has a 12-month low of $35.02 and a 12-month high of $81.89.
BRP Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.25 dividend. This is a positive change from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, April 10th. BRP’s dividend payout ratio is currently 24.40%.
BRP Company Profile
BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.
BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.
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