Montrusco Bolton Investments Inc. Has $15.89 Million Position in BRP Inc. $DOO

Montrusco Bolton Investments Inc. cut its position in BRP Inc. (NASDAQ:DOOFree Report) by 17.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 221,693 shares of the company’s stock after selling 47,650 shares during the period. Montrusco Bolton Investments Inc.’s holdings in BRP were worth $15,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in BRP during the 4th quarter worth $30,000. Signaturefd LLC bought a new stake in shares of BRP in the fourth quarter valued at about $43,000. Quadrant Capital Group LLC acquired a new position in shares of BRP in the fourth quarter valued at about $89,000. PNC Financial Services Group Inc. acquired a new position in shares of BRP in the fourth quarter valued at about $142,000. Finally, Intact Investment Management Inc. bought a new position in BRP during the fourth quarter worth about $156,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a report on Monday, March 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Citigroup cut their price target on BRP from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Wells Fargo & Company started coverage on BRP in a research report on Wednesday, March 11th. They set an “overweight” rating on the stock. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.00.

View Our Latest Analysis on BRP

BRP Price Performance

Shares of BRP stock opened at $57.87 on Friday. The firm has a market capitalization of $4.27 billion, a P/E ratio of 21.84 and a beta of 0.89. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP Inc. has a 12-month low of $47.74 and a 12-month high of $81.89. The business’s 50-day moving average price is $58.02.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th. BRP’s dividend payout ratio is 27.17%.

BRP Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BRP (NASDAQ:DOO)

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