Systematic Financial Management LP Raises Position in BRP Inc. (NASDAQ:DOOO)

Systematic Financial Management LP raised its position in BRP Inc. (NASDAQ:DOOO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,425 shares of the company's stock after buying an additional 10,341 shares during the period. Systematic Financial Management LP owned 0.28% of BRP worth $10,297,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in shares of BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC raised its position in BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after purchasing an additional 903 shares during the period. Dnca Finance lifted its stake in BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after purchasing an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of BRP in the 4th quarter valued at about $77,000. Finally, Intact Investment Management Inc. purchased a new stake in BRP during the 4th quarter valued at about $148,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. TD Securities restated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Robert W. Baird reaffirmed a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Raymond James reiterated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Finally, 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. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $53.75.

BRP Trading Down 0.7%

Shares of NASDAQ DOOO traded down $0.26 during midday trading on Friday, hitting $35.72. The company's stock had a trading volume of 29,909 shares, compared to its average volume of 160,148. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $74.00. 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 business's 50 day moving average is $35.44 and its two-hundred day moving average is $43.35. The firm has a market cap of $2.61 billion, a P/E ratio of 19.03 and a beta of 1.17.

BRP (NASDAQ:DOOO - Get Free Report) last released 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. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. As a group, equities research analysts expect that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid a $0.1508 dividend. The ex-dividend date was Friday, April 4th. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. BRP's dividend payout ratio (DPR) is -29.21%.

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.