Systematic Financial Management LP Buys 10,341 Shares of BRP Inc. (NASDAQ:DOOO)

Systematic Financial Management LP lifted its holdings in BRP Inc. (NASDAQ:DOOO) by 5.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 202,425 shares of the company’s stock after purchasing an additional 10,341 shares during the period. Systematic Financial Management LP’s holdings in BRP were worth $10,297,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Capital World Investors lifted its stake in shares of BRP by 101.2% in the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock worth $100,386,000 after purchasing an additional 991,392 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of BRP by 23.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company’s stock worth $77,223,000 after purchasing an additional 288,004 shares during the period. Vanguard Group Inc. lifted its stake in shares of BRP by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,224,330 shares of the company’s stock worth $62,355,000 after purchasing an additional 19,874 shares during the period. Invesco Ltd. lifted its stake in shares of BRP by 18.1% in the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company’s stock worth $59,175,000 after purchasing an additional 178,039 shares during the period. Finally, FIL Ltd lifted its stake in shares of BRP by 176.2% in the 4th quarter. FIL Ltd now owns 792,000 shares of the company’s stock worth $40,337,000 after purchasing an additional 505,228 shares during the period.

BRP Trading Up 1.8%

Shares of DOOO opened at $37.41 on Friday. The firm has a market cap of $2.73 billion, a P/E ratio of 19.90 and a beta of 1.17. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. BRP Inc. has a 1 year low of $31.78 and a 1 year high of $74.00. The company has a 50 day simple moving average of $35.62 and a two-hundred day simple moving average of $43.67.

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

BRP Increases Dividend

The company also recently disclosed 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 positive change from BRP’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. BRP’s dividend payout ratio (DPR) is presently -29.21%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DOOO. Baird R W cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. UBS Group decreased their target price on shares of BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. TD Securities restated a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Raymond James restated a “strong-buy” rating on shares of BRP in a research note on Thursday, March 27th. Finally, Citigroup upgraded shares of BRP from a “sell” rating to a “neutral” rating and raised their target price for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.75.

BRP Company 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.