BRP Inc. (NASDAQ:DOOO) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 401.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,019 shares of the company's stock after purchasing an additional 12,023 shares during the quarter. Public Employees Retirement System of Ohio's holdings in BRP were worth $765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital World Investors grew its stake in BRP by 101.2% in 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. Turtle Creek Asset Management Inc. grew its stake 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 acquiring an additional 668,607 shares during the last quarter. FIL Ltd boosted its stake in shares of BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock worth $40,337,000 after purchasing an additional 505,228 shares during the last quarter. Norges Bank acquired a new stake in shares of BRP during the 4th quarter worth about $15,259,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of BRP by 23.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock worth $77,223,000 after purchasing an additional 288,004 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Stifel Canada upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 29th. UBS Group cut their price objective on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Finally, Wall Street Zen upgraded shares of BRP from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

BRP Trading Up 1.0%

NASDAQ DOOO traded up $0.47 during mid-day trading on Thursday, hitting $47.06. The company's stock had a trading volume of 166,002 shares, compared to its average volume of 165,363. BRP Inc. has a 52-week low of $31.78 and a 52-week high of $74.00. The stock's fifty day simple moving average is $36.08 and its two-hundred day simple moving average is $42.83. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The firm has a market capitalization of $3.44 billion, a P/E ratio of 25.03 and a beta of 1.17.

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

BRP Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio (DPR) is currently -143.90%.

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.