1832 Asset Management L.P. Has $7.09 Million Holdings in BRP Inc. (NASDAQ:DOOO)

1832 Asset Management L.P. raised its stake in BRP Inc. (NASDAQ:DOOOFree Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,871 shares of the company’s stock after purchasing an additional 758 shares during the period. 1832 Asset Management L.P. owned approximately 0.13% of BRP worth $7,088,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of BRP by 539.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 559,543 shares of the company’s stock worth $40,105,000 after acquiring an additional 471,986 shares during the period. Scotia Capital Inc. lifted its holdings in BRP by 1.5% during the 4th quarter. Scotia Capital Inc. now owns 22,246 shares of the company’s stock valued at $1,588,000 after purchasing an additional 318 shares during the last quarter. TD Asset Management Inc lifted its holdings in BRP by 3.6% during the 4th quarter. TD Asset Management Inc now owns 258,758 shares of the company’s stock valued at $18,607,000 after purchasing an additional 8,977 shares during the last quarter. Trexquant Investment LP bought a new position in BRP during the 4th quarter valued at about $688,000. Finally, Clearbridge Investments LLC bought a new position in BRP during the 4th quarter valued at about $211,000.

BRP Trading Down 1.2 %

DOOO opened at $62.57 on Friday. BRP Inc. has a 1-year low of $57.15 and a 1-year high of $92.74. The firm has a 50-day moving average price of $68.81 and a two-hundred day moving average price of $67.21. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $4.69 billion, a PE ratio of 11.31 and a beta of 2.09.

BRP (NASDAQ:DOOOGet Free Report) last issued its quarterly earnings results on Thursday, March 28th. The company reported $1.81 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.12). BRP had a return on equity of 101.72% and a net margin of 5.87%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, equities analysts anticipate that BRP Inc. will post 4.51 earnings per share for the current fiscal year.

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, June 28th. BRP’s dividend payout ratio is 11.03%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOOO shares. Raymond James cut their price target on shares of BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a report on Monday, April 1st. Desjardins lifted their price target on shares of BRP from $112.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. CIBC cut their price target on shares of BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a report on Monday, June 3rd. Finally, TheStreet cut shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.67.

View Our Latest Research Report on BRP

BRP Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BRP (NASDAQ:DOOO)

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