Alberta Investment Management Corp Has $2.41 Million Position in BRP Inc. (NASDAQ:DOOO)

Alberta Investment Management Corp lifted its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 44.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,300 shares of the company's stock after buying an additional 14,500 shares during the quarter. Alberta Investment Management Corp owned about 0.06% of BRP worth $2,408,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock worth $7,270,000 after purchasing an additional 16,379 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock valued at $3,875,000 after buying an additional 66,627 shares during the period. Addenda Capital Inc. grew its position in BRP by 10.5% during the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock worth $678,000 after buying an additional 1,265 shares in the last quarter. Franklin Resources Inc. increased its stake in BRP by 41.5% during the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock worth $43,461,000 after acquiring an additional 214,626 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of BRP by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company's stock worth $12,978,000 after purchasing an additional 15,892 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of BRP from a "buy" rating to a "neutral" rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $97.00.

BRP Trading Down 2.5 %

Shares of DOOO stock traded down $1.07 during mid-day trading on Friday, reaching $40.92. 175,994 shares of the stock traded hands, compared to its average volume of 200,020. The stock's fifty day simple moving average is $48.91 and its two-hundred day simple moving average is $54.69. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 21.77 and a beta of 2.02. BRP Inc. has a 1-year low of $40.55 and a 1-year high of $75.59. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, research analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.1485 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 annualized dividend and a dividend yield of 1.45%. BRP's payout ratio is 30.85%.

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.