269,343 Shares in BRP Inc. $DOO Bought by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments bought 269,343 shares of BRP (NASDAQ:DOO) in Q4, valued at about $19.07 million and representing roughly 0.37% ownership at quarter-end.
• Several other institutions also initiated or increased positions in Q4, notably QV Investors with a new stake worth about $31.7 million, plus purchases by Addenda Capital, Zurcher Kantonalbank, TD Waterhouse Canada and DekaBank.
• BRP raised its quarterly dividend to $0.25 (from $0.07), an annualized $1.00 payout with a yield of about 1.8% and a payout ratio near 24.7%.

Montrusco Bolton Investments Inc. bought a new position in shares of BRP Inc. (NASDAQ:DOO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 269,343 shares of the company's stock, valued at approximately $19,070,000. Montrusco Bolton Investments Inc. owned about 0.37% of BRP at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Addenda Capital Inc. purchased a new position in BRP during the 4th quarter worth $1,170,000. QV Investors Inc. purchased a new position in BRP during the 4th quarter worth $31,701,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BRP during the 4th quarter worth $751,000. TD Waterhouse Canada Inc. purchased a new position in BRP during the 4th quarter worth $860,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in BRP during the 4th quarter worth $284,000.

Analyst Ratings Changes

DOO has been the topic of several research analyst reports. Zacks Research upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 27th. UBS Group reissued a "neutral" rating on shares of BRP in a report on Friday. Wells Fargo & Company initiated coverage on BRP in a report on Wednesday, March 11th. They issued an "overweight" rating on the stock. Wall Street Zen lowered BRP from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 18th. Finally, Citigroup cut their price objective on BRP from $86.00 to $75.00 and set a "buy" rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.67.

BRP Stock Up 1.5%

Shares of DOO opened at $56.78 on Friday. BRP Inc. has a 52 week low of $32.54 and a 52 week high of $81.89. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The stock has a market capitalization of $4.15 billion, a P/E ratio of 19.51 and a beta of 1.15. The business has a 50-day moving average of $68.81.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. This is an increase from BRP's previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, April 10th. BRP's dividend payout ratio (DPR) is currently 24.74%.

BRP Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.

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