BRP Inc. (NASDAQ:DOOO) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 84.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,225 shares of the company’s stock after buying an additional 5,594 shares during the period. DekaBank Deutsche Girozentrale’s holdings in BRP were worth $858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DOOO. Raymond James & Associates boosted its holdings in BRP by 12.8% in the 4th quarter. Raymond James & Associates now owns 27,027 shares of the company’s stock worth $1,938,000 after buying an additional 3,074 shares during the last quarter. Vanguard Group Inc. boosted its holdings in BRP by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,282,737 shares of the company’s stock worth $97,308,000 after buying an additional 18,859 shares during the last quarter. Citigroup Inc. boosted its holdings in BRP by 34.9% in the 3rd quarter. Citigroup Inc. now owns 8,539 shares of the company’s stock worth $649,000 after buying an additional 2,211 shares during the last quarter. Wellington Management Group LLP boosted its holdings in BRP by 136.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,573 shares of the company’s stock worth $1,488,000 after buying an additional 11,298 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in BRP by 3.1% in the 3rd quarter. Deutsche Bank AG now owns 23,451 shares of the company’s stock worth $1,779,000 after buying an additional 696 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DOOO. Desjardins lifted their price objective on BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Raymond James lowered their price objective on BRP from $114.00 to $108.00 and set a “strong-buy” rating on the stock in a report on Monday, April 1st. CIBC raised their target price on shares of BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research note on Monday, April 1st. Finally, TheStreet lowered shares of BRP from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.78.

BRP Stock Down 3.6 %

DOOO stock opened at $69.77 on Monday. The firm has a market cap of $5.29 billion, a PE ratio of 9.94 and a beta of 2.12. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. The firm’s 50 day moving average price is $66.56 and its 200-day moving average price is $68.47. BRP Inc. has a one year low of $57.15 and a one year high of $92.74.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be given a dividend of $0.1545 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, April 5th. BRP’s payout ratio is presently 8.83%.

BRP Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.