Van ECK Associates Corp Has $999,000 Position in BRP Inc. (NASDAQ:DOOO)

Van ECK Associates Corp reduced its holdings in BRP Inc. (NASDAQ:DOOO - Free Report) by 67.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,948 shares of the company's stock after selling 28,744 shares during the quarter. Van ECK Associates Corp's holdings in BRP were worth $999,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of BRP by 34.0% during the 3rd 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 raised its position in 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 acquiring an additional 107,383 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in BRP by 27.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 468,000 shares of the company's stock worth $35,588,000 after acquiring an additional 100,000 shares during the last quarter. Intact Investment Management Inc. raised its position in BRP by 323.1% during the fourth quarter. Intact Investment Management Inc. now owns 125,100 shares of the company's stock worth $8,954,000 after acquiring an additional 95,530 shares during the last quarter. Finally, UBS Group AG raised its position in BRP by 3,269.0% during the third quarter. UBS Group AG now owns 50,502 shares of the company's stock worth $3,831,000 after acquiring an additional 49,003 shares during the last quarter.

BRP Trading Up 0.1 %

DOOO stock traded up $0.07 on Friday, hitting $70.38. 85,847 shares of the company were exchanged, compared to its average volume of 106,805. 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 current ratio of 1.41 and a quick ratio of 0.55. The business's fifty day moving average is $67.48 and its two-hundred day moving average is $67.76. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 10.03 and a beta of 2.08.

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 business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2.05 billion. As a group, research analysts forecast that BRP Inc. will post 5.7 earnings per share for the current year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.1545 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.62 annualized dividend and a yield of 0.88%. BRP's dividend payout ratio is currently 8.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports 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. Raymond James cut 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. TheStreet cut shares of BRP from a "b-" rating to a "c+" rating in a research report on Monday, February 26th. Finally, Desjardins boosted their price objective 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.78.

About BRP

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.