Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,272 shares of the company's stock after selling 19,100 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.06% of BRP worth $2,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC increased its stake 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 buying an additional 903 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of BRP during the fourth quarter valued at approximately $77,000. Intact Investment Management Inc. purchased a new position in BRP during the fourth quarter valued at $148,000. Public Employees Retirement System of Ohio bought a new stake in BRP in the 3rd quarter valued at $178,000. Finally, Quantbot Technologies LP lifted its stake in BRP by 26.6% in the 4th quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock worth $246,000 after purchasing an additional 1,017 shares in the last quarter.

BRP Trading Up 1.6 %

DOOO stock traded up $0.57 during midday trading on Friday, reaching $36.65. The company's stock had a trading volume of 232,354 shares, compared to its average volume of 152,001. BRP Inc. has a 1 year low of $32.24 and a 1 year high of $74.00. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 19.49 and a beta of 1.71. The stock has a fifty day simple moving average of $38.97 and a two-hundred day simple moving average of $47.35. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, equities research analysts predict that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.1508 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. BRP's payout ratio is -29.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. 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 research note on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of BRP in a research report on Friday, April 4th. TD Securities restated a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Finally, Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BRP presently has a consensus rating of "Hold" and an average price target of $61.25.

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.