BRP Inc. (NASDAQ:DOOO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 706.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,318 shares of the company's stock after buying an additional 23,053 shares during the quarter. Intech Investment Management LLC's holdings in BRP were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of BRP during the 1st quarter worth approximately $2,422,000. Sei Investments Co. raised its position in BRP by 31.3% in the 2nd quarter. Sei Investments Co. now owns 105,163 shares of the company's stock valued at $6,734,000 after purchasing an additional 25,041 shares during the last quarter. Achmea Investment Management B.V. raised its position in BRP by 63.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 46,993 shares of the company's stock valued at $3,011,000 after purchasing an additional 18,269 shares during the last quarter. CIBC Asset Management Inc raised its position in BRP by 154.5% in the 3rd quarter. CIBC Asset Management Inc now owns 116,659 shares of the company's stock valued at $7,347,000 after purchasing an additional 70,819 shares during the last quarter. Finally, National Bank of Canada FI raised its position in BRP by 13.5% in the 2nd quarter. National Bank of Canada FI now owns 479,312 shares of the company's stock valued at $30,455,000 after purchasing an additional 56,954 shares during the last quarter.

Wall Street Analyst Weigh In

DOOO has been the subject of several research reports. Scotiabank downgraded shares of BRP from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, September 9th. Citigroup reduced their price target on shares of BRP from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, September 9th. Stifel Nicolaus cut shares of BRP from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. National Bank Financial cut shares of BRP from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, August 21st. Finally, UBS Group dropped their price objective on shares of BRP from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BRP currently has a consensus rating of "Hold" and an average target price of $97.00.

BRP Price Performance

Shares of NASDAQ:DOOO traded down $3.28 on Tuesday, reaching $47.56. 264,339 shares of the company were exchanged, compared to its average volume of 127,597. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. BRP Inc. has a 1-year low of $46.85 and a 1-year high of $75.59. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 19.61 and a beta of 2.07. The company has a 50-day moving average of $54.35 and a 200-day moving average of $62.17.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. Equities analysts forecast that BRP Inc. will post 2.27 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.152 per share. The ex-dividend date was Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.28%. BRP's dividend payout ratio (DPR) is presently 25.73%.

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.