DekaBank Deutsche Girozentrale reduced its stake in BRP Inc. (NASDAQ:DOOO – Get Rating) by 97.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,089 shares of the company's stock after selling 101,423 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in BRP were worth $192,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of BRP by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company's stock valued at $98,202,000 after purchasing an additional 30,978 shares during the last quarter. Invesco Ltd. raised its position in shares of BRP by 103.1% in the 1st quarter. Invesco Ltd. now owns 802,926 shares of the company's stock valued at $65,671,000 after purchasing an additional 407,545 shares during the last quarter. Bank of Montreal Can raised its position in BRP by 8.1% during the 2nd quarter. Bank of Montreal Can now owns 765,905 shares of the company's stock worth $50,870,000 after buying an additional 57,074 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in BRP during the 2nd quarter worth approximately $34,115,000. Finally, Credit Suisse AG raised its position in BRP by 3.0% during the 2nd quarter. Credit Suisse AG now owns 234,942 shares of the company's stock worth $14,452,000 after buying an additional 6,863 shares during the last quarter. 27.61% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analyst Weigh In
Separately, Desjardins raised their price target on shares of BRP from C$155.00 to C$156.00 in a research report on Thursday, December 1st.
BRP Price Performance
Shares of NASDAQ DOOO opened at $81.47 on Friday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 12.11 and a beta of 2.33. BRP Inc. has a 12 month low of $57.38 and a 12 month high of $85.78. The firm's 50 day simple moving average is $76.64 and its 200-day simple moving average is $71.69. The company has a debt-to-equity ratio of 13.43, a current ratio of 1.04 and a quick ratio of 0.25.
BRP (NASDAQ:DOOO – Get Rating) last issued its quarterly earnings data on Wednesday, November 30th. The company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.95. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.77 billion. BRP had a net margin of 7.64% and a negative return on equity of 2,046.73%. Analysts expect that BRP Inc. will post 8.85 EPS for the current year.
BRP Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a dividend of $0.118 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 0.58%. BRP's payout ratio is 7.13%.
About BRP
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BRP, Inc is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines.
Further Reading
- Get a free copy of the StockNews.com research report on BRP (DOOO)
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