Great West Life Assurance Co. Can purchased a new stake in BRP Inc. (NASDAQ:DOOO – Get Rating) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 30,252 shares of the company's stock, valued at approximately $1,864,000.
A number of other large investors have also recently added to or reduced their stakes in DOOO. Vanguard Group Inc. lifted its stake in shares of BRP by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company's stock worth $98,202,000 after buying an additional 30,978 shares during the last quarter. Invesco Ltd. lifted its stake in shares of BRP by 103.1% during the 1st quarter. Invesco Ltd. now owns 802,926 shares of the company's stock worth $65,671,000 after buying an additional 407,545 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of 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 acquired a new stake in shares of BRP during the 2nd quarter worth about $34,115,000. Finally, Credit Suisse AG lifted its stake in shares of 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. Institutional investors and hedge funds own 27.61% of the company's stock.
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BRP Price Performance
NASDAQ:DOOO opened at $81.47 on Friday. BRP Inc. has a 52 week low of $57.38 and a 52 week high of $85.78. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 12.11 and a beta of 2.33. 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 quick ratio of 0.25 and a current ratio of 1.04.
BRP (NASDAQ:DOOO – Get Rating) last released its earnings results on Wednesday, November 30th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $1.78 by $0.95. BRP had a net
margin of 7.64% and a negative return on equity of 2,046.73%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.77 billion. As a group, sell-side analysts predict that BRP Inc. will post 8.85 earnings per share for the current year.
BRP Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.118 dividend. This represents a $0.47 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, December 29th. BRP's dividend payout ratio is currently 7.13%.
Analysts Set New Price Targets
Separately, Desjardins raised their target price on shares of BRP from C$155.00 to C$156.00 in a research note on Thursday, December 1st.
About BRP
(Get Rating)
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.
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