BRP Inc. (NASDAQ:DOOO) Position Trimmed by National Bank of Canada FI

National Bank of Canada FI cut its position in BRP Inc. (NASDAQ:DOOO - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 359,298 shares of the company's stock after selling 31,131 shares during the period. National Bank of Canada FI owned 0.47% of BRP worth $25,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of BRP by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,282,737 shares of the company's stock valued at $97,308,000 after purchasing an additional 18,859 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of 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 buying an additional 107,383 shares during the last quarter. Invesco Ltd. grew its position in shares of BRP by 0.7% in the 3rd quarter. Invesco Ltd. now owns 930,298 shares of the company's stock valued at $70,572,000 after buying an additional 6,117 shares during the last quarter. Royal Bank of Canada grew its position in shares of 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 buying an additional 149,529 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of BRP by 4.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 531,476 shares of the company's stock valued at $40,227,000 after buying an additional 21,900 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TheStreet downgraded shares of BRP from a "b-" rating to a "c+" rating in a research report on Monday, February 26th. Desjardins increased their target price on shares of BRP from $112.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. CIBC raised their price objective 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. Finally, Raymond James lowered their price objective on shares of BRP from $114.00 to $108.00 and set a "strong-buy" rating on the stock in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.78.

BRP Stock Performance

Shares of DOOO stock traded down $0.38 during mid-day trading on Tuesday, hitting $68.51. The stock had a trading volume of 78,391 shares, compared to its average volume of 134,720. BRP Inc. has a fifty-two week low of $57.15 and a fifty-two week high of $92.74. The firm has a market cap of $5.19 billion, a PE ratio of 9.76 and a beta of 2.09. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.41 and a quick ratio of 0.55. The company's 50-day simple moving average is $67.24 and its 200-day simple moving average is $67.73.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Thursday, March 28th. The company reported $1.81 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 firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.05 billion. Sell-side analysts anticipate that BRP Inc. will post 5.7 earnings per share for the current year.

BRP Dividend Announcement

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

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.