Lazard Asset Management LLC Sells 29,317 Shares of BRP Inc. (NASDAQ:DOOO)

Lazard Asset Management LLC reduced its stake in BRP Inc. (NASDAQ:DOOO - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,685 shares of the company's stock after selling 29,317 shares during the period. Lazard Asset Management LLC owned about 0.17% of BRP worth $6,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Dnca Finance grew its stake in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after purchasing an additional 369 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after buying an additional 490 shares during the period. Signaturefd LLC grew its position in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after buying an additional 903 shares during the last quarter. Jane Street Group LLC increased its stake in shares of BRP by 1.4% in the fourth quarter. Jane Street Group LLC now owns 65,470 shares of the company's stock valued at $3,333,000 after buying an additional 933 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of BRP by 26.6% in the fourth quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock valued at $246,000 after buying an additional 1,017 shares during the period.

BRP Stock Down 1.6%

Shares of DOOO stock traded down $0.60 on Wednesday, reaching $36.78. 47,896 shares of the company were exchanged, compared to its average volume of 160,175. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The company has a 50-day moving average of $35.56 and a 200-day moving average of $43.50. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 19.61 and a beta of 1.17. BRP Inc. has a one year low of $31.78 and a one year high of $74.00.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. Analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a dividend of $0.1508 per share. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, April 4th. BRP's dividend payout ratio (DPR) is currently -29.21%.

Wall Street Analyst Weigh In

DOOO has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Citigroup raised BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $27.00 to $37.00 in a research note on Friday, April 4th. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. TD Securities reiterated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Finally, Raymond James reissued a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $53.75.

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, 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.