Triasima Portfolio Management inc. Purchases Shares of 78,399 BRP Inc. $DOO

Key Points

• Triasima Portfolio Management inc. purchased a new stake of 78,399 shares in BRP Inc. (NASDAQ:DOO) in Q4, valued at about $5.55 million and representing roughly 0.11% ownership.
• Several other institutions established sizable Q4 positions—most notably Vanguard (~$98.2M), QV Investors (~$31.7M) and Montrusco Bolton (~$19.1M)—signaling notable institutional accumulation.
• BRP raised its quarterly dividend to $0.25 (annualized $1.00, ~1.8% yield), while analyst coverage leans to a consensus "Hold" with a $85.67 target price.

Triasima Portfolio Management inc. purchased a new stake in shares of BRP Inc. (NASDAQ:DOO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,399 shares of the company's stock, valued at approximately $5,551,000. Triasima Portfolio Management inc. owned 0.11% of BRP at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in BRP during the fourth quarter valued at about $98,153,000. QV Investors Inc. bought a new stake in BRP during the fourth quarter valued at about $31,701,000. Montrusco Bolton Investments Inc. bought a new stake in BRP during the fourth quarter valued at about $19,070,000. UBS Group AG bought a new stake in BRP during the fourth quarter valued at about $6,222,000. Finally, VELA Investment Management LLC bought a new stake in BRP during the fourth quarter valued at about $1,651,000.

Analyst Ratings Changes

A number of research firms have issued reports on DOO. UBS Group restated a "neutral" rating on shares of BRP in a report on Friday, April 24th. Zacks Research cut shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Citigroup decreased their price target on shares of BRP from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday, April 20th. Canaccord Genuity Group cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Finally, TD Cowen cut shares of BRP from a "buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $85.67.

BRP Price Performance

Shares of DOO opened at $55.66 on Monday. The company has a market capitalization of $4.07 billion, a PE ratio of 19.13 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92. BRP Inc. has a 12 month low of $33.04 and a 12 month high of $81.89. The business's 50-day simple moving average is $66.79.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.25 per share. This is a positive change from BRP's previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, April 10th. BRP's dividend payout ratio is 24.74%.

BRP Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.

Want to see what other hedge funds are holding DOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRP Inc. (NASDAQ:DOO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.