BRP Inc. (NASDAQ:DOOO) Stock Holdings Lifted by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its holdings in BRP Inc. by 5.5%, acquiring an additional 7,082 shares and totaling 135,330 shares valued at approximately $4.57 million.
• BRP recently declared a quarterly dividend of $0.1557 per share, representing an annualized dividend of $0.62 and a yield of 1.21%, which is an increase from the previous dividend of $0.15.
• Despite reporting a quarterly earnings per share of $0.33, BRP's revenue was below analysts' expectations at $1.34 billion, and the company has a negative net margin of 0.55%.

Fiera Capital Corp increased its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 135,330 shares of the company's stock after acquiring an additional 7,082 shares during the period. Fiera Capital Corp owned approximately 0.19% of BRP worth $4,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOOO. Capital World Investors increased its holdings in shares of BRP by 101.2% during the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after acquiring an additional 991,392 shares during the last quarter. Mackenzie Financial Corp grew its holdings in BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock valued at $83,399,000 after buying an additional 684,651 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after buying an additional 668,607 shares during the last quarter. FIL Ltd grew its holdings in 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. Finally, Norges Bank acquired a new stake in BRP in the 4th quarter valued at approximately $15,259,000.

BRP Trading Down 2.4%

Shares of DOOO stock traded down $1.20 on Friday, reaching $49.31. The company had a trading volume of 232,008 shares, compared to its average volume of 188,018. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $72.84. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 5.85. The stock has a market cap of $3.60 billion, a PE ratio of 21.25 and a beta of 1.24. The company has a 50-day moving average of $47.98 and a 200-day moving average of $42.48.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion. BRP had a positive return on equity of 54.71% and a negative net margin of 0.55%. On average, equities analysts forecast that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.1557 per share. This is an increase from BRP's previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. BRP's dividend payout ratio (DPR) is currently -153.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Canada raised BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group reduced 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. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird restated a "neutral" rating and set a $43.00 price objective (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Finally, Citigroup reaffirmed a "neutral" rating and set a $51.00 target price (up from $43.00) on shares of BRP in a research note on Monday, June 16th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, BRP has an average rating of "Moderate Buy" and an average price target of $43.00.

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.