BRP Inc. (NASDAQ:DOOO) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its holdings in BRP Inc. (NASDAQ:DOOO - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,427 shares of the company's stock after selling 7,914 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in BRP were worth $724,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of BRP by 45.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 98,846 shares of the company's stock worth $5,028,000 after acquiring an additional 30,674 shares during the period. Ceredex Value Advisors LLC grew its holdings in BRP by 24.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 275,284 shares of the company's stock valued at $14,004,000 after buying an additional 53,600 shares in the last quarter. Barclays PLC raised its position in shares of BRP by 529.1% during the fourth quarter. Barclays PLC now owns 8,707 shares of the company's stock valued at $443,000 after buying an additional 7,323 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BRP in the fourth quarter worth $916,000. Finally, Renaissance Technologies LLC boosted its position in shares of BRP by 173.3% during the fourth quarter. Renaissance Technologies LLC now owns 72,700 shares of the company's stock worth $3,698,000 after acquiring an additional 46,100 shares during the last quarter.

BRP Stock Down 0.6 %

Shares of BRP stock traded down $0.21 during trading on Monday, reaching $34.33. The company's stock had a trading volume of 9,146 shares, compared to its average volume of 156,434. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $74.00. The company has a 50-day simple moving average of $36.35 and a two-hundred day simple moving average of $44.76. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 18.26 and a beta of 1.17.

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

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.1508 per share. The ex-dividend date was Friday, April 4th. This is an increase from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a yield of 1.76%. BRP's payout ratio is currently -29.21%.

Analyst Upgrades and Downgrades

DOOO has been the subject of several research reports. Raymond James reissued a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Citigroup raised BRP from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of BRP in a research report on Friday, April 4th. TD Securities reaffirmed a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Finally, UBS Group dropped their price objective on shares of BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $53.75.

About BRP

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.