FIL Ltd Boosts Holdings in BRP Inc. (NASDAQ:DOOO)

FIL Ltd grew its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 176.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 792,000 shares of the company's stock after purchasing an additional 505,228 shares during the period. FIL Ltd owned approximately 1.08% of BRP worth $40,337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its stake in BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after buying an additional 490 shares during the last quarter. Signaturefd LLC increased its holdings 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 in the last quarter. Quantbot Technologies LP raised its position in shares of 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. boosted its stake in 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 purchasing an additional 1,265 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in BRP during the 4th quarter worth approximately $77,000.

BRP Stock Performance

BRP stock traded down $0.39 during mid-day trading on Wednesday, hitting $33.77. The company had a trading volume of 51,954 shares, compared to its average volume of 152,107. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 17.96 and a beta of 1.71. BRP Inc. has a 12-month low of $32.24 and a 12-month high of $74.00. The company's fifty day moving average is $38.61 and its 200-day moving average is $47.09. 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 (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. Equities research analysts predict that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.1508 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is currently -29.21%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. TD Securities reiterated a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Finally, Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BRP has a consensus rating of "Hold" and an average price target of $61.25.

About BRP

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.