Vestcor Inc bought a new position in shares of BRP Inc. (NASDAQ:DOO – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,490 shares of the company’s stock, valued at approximately $1,591,000.
Several other institutional investors have also modified their holdings of the business. Signaturefd LLC acquired a new position in shares of BRP in the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. acquired a new stake in shares of BRP during the fourth quarter worth approximately $142,000. Intact Investment Management Inc. acquired a new stake in shares of BRP during the fourth quarter worth approximately $156,000. DekaBank Deutsche Girozentrale bought a new stake in shares of BRP in the fourth quarter worth $284,000. Finally, Annex Advisory Services LLC bought a new stake in shares of BRP in the fourth quarter worth $279,000.
Analysts Set New Price Targets
DOO has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Zacks Research downgraded BRP from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BRP has a consensus rating of “Hold” and an average price target of $83.00.
BRP Stock Performance
BRP stock opened at $60.70 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. BRP Inc. has a one year low of $46.23 and a one year high of $81.89. The business’s 50-day moving average price is $61.18. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 22.91 and a beta of 0.89.
BRP Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 1.6%. BRP’s dividend payout ratio is presently 27.17%.
About BRP
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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