Intact Investment Management Inc. Has $8.95 Million Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Intact Investment Management Inc. boosted its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 323.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,100 shares of the company's stock after purchasing an additional 95,530 shares during the quarter. Intact Investment Management Inc. owned about 0.17% of BRP worth $8,954,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in shares of 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 buying an additional 8,105 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of BRP by 21.2% during the third quarter. TD Asset Management Inc now owns 249,781 shares of the company's stock worth $18,994,000 after buying an additional 43,663 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of BRP by 34.0% during the third quarter. Royal Bank of Canada now owns 589,213 shares of the company's stock worth $44,697,000 after buying an additional 149,529 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of BRP by 10.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company's stock worth $82,997,000 after buying an additional 107,383 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of BRP during the third quarter worth approximately $600,000.

BRP Price Performance

BRP stock traded down $0.43 during mid-day trading on Friday, hitting $68.74. 61,719 shares of the company were exchanged, compared to its average volume of 149,897. The company has a quick ratio of 0.55, a current ratio of 1.41 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average of $67.04 and a 200 day moving average of $68.16. BRP Inc. has a 1-year low of $57.15 and a 1-year high of $92.74. The company has a market capitalization of $5.21 billion, a PE ratio of 9.79 and a beta of 2.12.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.12). BRP had a return on equity of 120.39% and a net margin of 7.20%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.05 billion. As a group, sell-side analysts expect that BRP Inc. will post 5.7 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a dividend of $0.1545 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, April 5th. BRP's payout ratio is presently 8.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TheStreet lowered BRP from a "b-" rating to a "c+" rating in a report on Monday, February 26th. Raymond James cut their target price on BRP from $114.00 to $108.00 and set a "strong-buy" rating for the company in a research note on Monday, April 1st. Desjardins upped their target price on BRP from $112.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Finally, CIBC upped their target price on BRP from $106.00 to $110.00 and gave the company an "outperformer" rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.78.

BRP Company 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.