Capital World Investors Buys 991,392 Shares of BRP Inc. (NASDAQ:DOOO)

Capital World Investors increased its stake in BRP Inc. (NASDAQ:DOOO - Free Report) by 101.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,971,033 shares of the company's stock after buying an additional 991,392 shares during the quarter. Capital World Investors owned approximately 2.70% of BRP worth $100,386,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FIL Ltd boosted its holdings in shares of BRP by 176.2% in the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after buying an additional 505,228 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock valued at $7,270,000 after buying an additional 16,379 shares during the last quarter. Invesco Ltd. lifted its holdings in BRP by 18.1% during the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock valued at $59,175,000 after purchasing an additional 178,039 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock valued at $2,408,000 after purchasing an additional 14,500 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in BRP by 699.9% during the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock valued at $3,875,000 after purchasing an additional 66,627 shares during the last quarter.

BRP Stock Performance

Shares of NASDAQ:DOOO traded down $0.04 on Friday, reaching $34.52. 125,366 shares of the company's stock were exchanged, compared to its average volume of 155,415. The company has a fifty day moving average of $37.12 and a 200-day moving average of $45.59. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $74.00. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.36 and a beta of 1.71. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, research analysts predict that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently declared 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. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. BRP's dividend payout ratio (DPR) is currently -29.21%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DOOO shares. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. UBS Group reduced their target price on shares of BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday. Robert W. Baird restated a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and increased their target price for the stock from $27.00 to $37.00 in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, BRP presently has an average rating of "Hold" and a consensus price target of $53.75.

BRP 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.