SG Americas Securities LLC bought a new position in BRP Inc. (NASDAQ:DOOO – Get Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,495 shares of the company’s stock, valued at approximately $117,000.
Several other large investors have also added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its holdings in BRP by 8.2% in the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock valued at $216,000 after acquiring an additional 200 shares in the last quarter. Scotia Capital Inc. boosted its holdings in BRP by 4.6% in the first quarter. Scotia Capital Inc. now owns 11,248 shares of the company’s stock valued at $920,000 after acquiring an additional 491 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in BRP by 11.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $462,000 after acquiring an additional 560 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BRP by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,914 shares of the company’s stock valued at $1,056,000 after buying an additional 583 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of BRP by 12.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,400 shares of the company’s stock valued at $443,000 after buying an additional 600 shares in the last quarter. Institutional investors own 27.35% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on DOOO shares. Scotiabank boosted their target price on shares of BRP from C$126.00 to C$127.00 in a report on Thursday, September 15th. Raymond James upped their price target on shares of BRP from C$135.00 to C$138.00 in a research note on Thursday, September 15th. Finally, Royal Bank of Canada upped their price target on shares of BRP from C$113.00 to C$114.00 in a research note on Thursday, September 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.92.
BRP Price Performance
BRP (NASDAQ:DOOO – Get Rating) last released its quarterly earnings results on Wednesday, September 14th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.03 by $0.26. BRP had a net margin of 8.48% and a negative return on equity of 526.63%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research analysts anticipate that BRP Inc. will post 8.78 earnings per share for the current year.
BRP Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.122 per share. This represents a $0.49 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, September 29th. BRP’s payout ratio is currently 7.39%.
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, Latin America, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, which consists of snowmobiles, personal watercraft, and pontoons; and parts, accessories and apparel, and engines for karts and recreational aircraft and other services.
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