BRP Inc. (NASDAQ:DOOO) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 92.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,198 shares of the company's stock after selling 26,526 shares during the period. Achmea Investment Management B.V.'s holdings in BRP were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of BRP by 350.0% during the 3rd quarter. US Bancorp DE now owns 414 shares of the company's stock worth $25,000 after purchasing an additional 322 shares during the period. Quantbot Technologies LP raised its stake in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after acquiring an additional 337 shares during the period. Addenda Capital Inc. lifted its holdings in shares of BRP by 10.5% in the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock worth $678,000 after acquiring an additional 1,265 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of BRP by 10.8% during the 3rd quarter. De Lisle Partners LLP now owns 27,605 shares of the company's stock worth $1,643,000 after purchasing an additional 2,697 shares during the period. Finally, DRW Securities LLC purchased a new stake in BRP in the third quarter valued at approximately $161,000.

Analyst Upgrades and Downgrades

Separately, Citigroup cut BRP from a "buy" rating to a "neutral" rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.00.

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BRP Stock Down 1.0 %

NASDAQ:DOOO traded down $0.38 during midday trading on Wednesday, reaching $38.73. The company had a trading volume of 120,630 shares, compared to its average volume of 139,665. The stock's fifty day simple moving average is $44.99 and its 200-day simple moving average is $50.99. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. BRP Inc. has a 12-month low of $36.63 and a 12-month high of $75.59. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 20.60 and a beta of 2.03.

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.