Nuveen Asset Management LLC Sells 7,458 Shares of BRP Inc. (NASDAQ:DOOO)

Nuveen Asset Management LLC decreased its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,492 shares of the company's stock after selling 7,458 shares during the period. Nuveen Asset Management LLC's holdings in BRP were worth $1,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after acquiring an additional 490 shares during the period. Signaturefd LLC grew its stake in shares of BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after buying an additional 903 shares during the last quarter. Dnca Finance grew its stake in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after buying an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of BRP in the 4th quarter worth approximately $77,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of BRP in the 4th quarter worth approximately $148,000.

BRP Trading Down 0.8%

NASDAQ DOOO traded down $0.39 during trading on Friday, hitting $46.67. The stock had a trading volume of 229,408 shares, compared to its average volume of 166,127. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 24.82 and a beta of 1.23. BRP Inc. has a one year low of $31.78 and a one year high of $74.00. The stock has a 50 day simple moving average of $36.57 and a 200 day simple moving average of $42.74.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion. Sell-side analysts predict that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1557 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, June 30th. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is currently -151.22%.

Analyst Upgrades and Downgrades

DOOO has been the topic of several recent research reports. Wall Street Zen upgraded BRP from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. TD Securities upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and upped their price target for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, BRP has a consensus rating of "Moderate Buy" and an average price target of $38.33.

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.