BRP Inc. (NASDAQ:DOOO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in BRP Inc. (NASDAQ:DOOO - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 349,236 shares of the company's stock after selling 31,639 shares during the period. Mackenzie Financial Corp owned 0.46% of BRP worth $25,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toronto Dominion Bank boosted its position in BRP by 39.6% during the third quarter. Toronto Dominion Bank now owns 28,554 shares of the company's stock worth $2,166,000 after acquiring an additional 8,105 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of BRP by 21.2% in the 3rd quarter. TD Asset Management Inc now owns 249,781 shares of the company's stock valued at $18,994,000 after buying an additional 43,663 shares during the period. Royal Bank of Canada lifted its position in BRP by 34.0% in the 3rd quarter. Royal Bank of Canada now owns 589,213 shares of the company's stock valued at $44,697,000 after purchasing an additional 149,529 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in BRP by 10.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company's stock valued at $82,997,000 after purchasing an additional 107,383 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of BRP during the 3rd quarter worth about $600,000.

BRP Trading Down 2.2 %

Shares of BRP stock traded down $1.55 on Thursday, hitting $68.06. The stock had a trading volume of 101,266 shares, compared to its average volume of 143,642. The stock has a 50 day moving average of $66.80 and a 200 day moving average of $68.42. BRP Inc. has a twelve month low of $57.15 and a twelve month high of $92.74. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. The firm has a market capitalization of $5.16 billion, a P/E ratio of 9.92 and a beta of 2.12.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a dividend of $0.1545 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, April 5th. BRP's payout ratio is 8.83%.

Analyst Ratings Changes

Several research firms have recently weighed in on DOOO. CIBC lifted their target price on shares of BRP from $106.00 to $110.00 and gave the stock an "outperformer" rating in a research report on Monday, April 1st. Desjardins increased their price objective on shares of BRP from $112.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Raymond James dropped their target price on shares of BRP from $114.00 to $108.00 and set a "strong-buy" rating for the company in a research report on Monday, April 1st. Finally, TheStreet cut shares of BRP from a "b-" rating to a "c+" rating in a research report on Monday, February 26th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, BRP has a consensus rating of "Moderate Buy" and a consensus price target of $125.78.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.