Arrowstreet Capital Limited Partnership acquired a new stake in BRP Inc. (NASDAQ:DOOO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 134,454 shares of the company's stock, valued at approximately $6,839,000. Arrowstreet Capital Limited Partnership owned 0.18% of BRP at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC increased its position in shares of BRP by 296.1% during 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 last quarter. Quantbot Technologies LP increased its holdings in BRP by 26.6% in the 4th quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock valued at $246,000 after purchasing an additional 1,017 shares during the last quarter. Addenda Capital Inc. raised its position in BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock valued at $678,000 after purchasing an additional 1,265 shares during the period. Intact Investment Management Inc. purchased a new stake in BRP in the fourth quarter valued at approximately $148,000. Finally, Public Employees Retirement System of Ohio acquired a new position in BRP during the third quarter worth $178,000.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $27.00 to $37.00 in a report on Friday, April 4th. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. TD Securities reaffirmed a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.25.
Get Our Latest Stock Report on BRP
BRP Stock Up 1.6 %
BRP stock traded up $0.57 during trading on Friday, reaching $36.65. The stock had a trading volume of 232,354 shares, compared to its average volume of 152,028. 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 Inc. has a 52-week low of $32.24 and a 52-week high of $74.00. The stock has a market cap of $2.68 billion, a PE ratio of 19.49 and a beta of 1.71. The business has a 50 day moving average price of $38.97 and a 200 day moving average price of $47.44.
BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, analysts predict that BRP Inc. will post 3.15 EPS for the current year.
BRP Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.1508 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio is presently -29.21%.
BRP Profile
(
Free Report)
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.
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