Mackenzie Financial Corp lifted its stake in BRP Inc. (NASDAQ:DOOO - Free Report) by 71.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,639,265 shares of the company's stock after acquiring an additional 684,651 shares during the period. Mackenzie Financial Corp owned 2.25% of BRP worth $83,399,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp increased its position in BRP by 699.9% in the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock worth $3,875,000 after buying an additional 66,627 shares during the period. CIBC Asset Management Inc grew its holdings in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock worth $7,270,000 after purchasing an additional 16,379 shares in the last quarter. Alberta Investment Management Corp grew its holdings in shares of BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock worth $2,408,000 after purchasing an additional 14,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BRP by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company's stock worth $5,047,000 after purchasing an additional 3,351 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of BRP during the 4th quarter worth approximately $916,000.
BRP Price Performance
DOOO stock traded up $3.89 during trading on Friday, hitting $44.44. The company had a trading volume of 309,645 shares, compared to its average volume of 164,483. The company has a fifty day moving average price of $35.34 and a two-hundred day moving average price of $42.91. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The company has a market cap of $3.25 billion, a P/E ratio of 23.53 and a beta of 1.17. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $74.00.
BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, beating 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 return on equity of 61.20% and a net margin of 2.29%. Equities research analysts expect that BRP Inc. will post 3.15 earnings per share for the current fiscal year.
BRP Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were paid a $0.1508 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.36%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is currently -29.21%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on DOOO. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. UBS Group decreased their price objective on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. TD Securities raised BRP from a "hold" rating to a "buy" rating in a report on Friday. Finally, 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 report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $53.75.
Read Our Latest Stock Report on BRP
BRP Company Profile
(
Free Report)
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.
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