American Century Companies Inc. Lowers Holdings in BRP Inc. (NASDAQ:DOOO)

American Century Companies Inc. decreased its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,455,297 shares of the company's stock after selling 42,680 shares during the quarter. American Century Companies Inc. owned about 1.99% of BRP worth $74,052,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DOOO. Quantbot Technologies LP raised its holdings in BRP by 9.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after buying an additional 337 shares during the period. Signaturefd LLC raised its stake in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after acquiring an additional 903 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 stake 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 bought a new position in BRP during the 3rd quarter valued at about $161,000.

BRP Stock Down 4.1 %

DOOO traded down $1.46 during trading on Friday, hitting $34.00. The stock had a trading volume of 220,942 shares, compared to its average volume of 144,186. The stock has a 50 day simple moving average of $42.54 and a two-hundred day simple moving average of $49.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP Inc. has a twelve month low of $33.05 and a twelve month high of $75.59. The company has a market capitalization of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03.

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

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.1508 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. This is an increase from BRP's previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. BRP's dividend payout ratio is presently -29.21%.

Analysts Set New Price Targets

Separately, Citigroup reissued a "sell" rating and issued a $27.00 price objective (down previously from $29.00) on shares of BRP in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $87.40.

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.