BRP Inc. (NASDAQ:DOOO) Stock Position Cut by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in BRP Inc. (NASDAQ:DOOO - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,309 shares of the company's stock after selling 14,423 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.08% of BRP worth $2,829,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DOOO. Quadrant Capital Group LLC lifted its position in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after acquiring an additional 490 shares during the period. Signaturefd LLC boosted its holdings in BRP by 296.1% during the fourth 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. Dnca Finance grew its position in BRP by 36.1% during the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after buying an additional 369 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in BRP in the fourth quarter valued at $77,000. Finally, Intact Investment Management Inc. acquired a new position in shares of BRP in the fourth quarter worth about $148,000.

BRP Price Performance

Shares of DOOO stock traded down $0.33 during mid-day trading on Tuesday, reaching $33.49. The stock had a trading volume of 33,616 shares, compared to its average volume of 154,795. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The company has a market cap of $2.45 billion, a P/E ratio of 17.81 and a beta of 1.71. The business has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $45.42. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $74.00.

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

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a dividend of $0.1508 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. This is a boost from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. BRP's payout ratio is -29.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on DOOO shares. Robert W. Baird reaffirmed a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of BRP in a research note on Friday, April 4th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. TD Securities reiterated a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, UBS Group reduced their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.75.

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.