BRP Inc. (NASDAQ:DOOO) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,862 shares of the company's stock after acquiring an additional 48,330 shares during the period. Sei Investments Co. owned approximately 0.20% of BRP worth $7,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in BRP by 41.5% in the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company's stock valued at $43,461,000 after purchasing an additional 214,626 shares during the period. Geode Capital Management LLC lifted its position in 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 acquiring an additional 15,892 shares in the last quarter. Systematic Financial Management LP boosted its holdings in BRP by 3.0% in the 3rd quarter. Systematic Financial Management LP now owns 192,084 shares of the company's stock worth $11,437,000 after acquiring an additional 5,562 shares during the period. CIBC Asset Management Inc grew its position in BRP by 14.0% in the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock valued at $7,270,000 after acquiring an additional 16,379 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of BRP by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company's stock valued at $5,047,000 after purchasing an additional 3,351 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DOOO shares. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and raised their price target for the company from $27.00 to $37.00 in a report on Friday. Robert W. Baird reaffirmed a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of BRP in a research report on Friday. TD Securities reissued a "hold" rating on shares of BRP in a report on Thursday, March 27th. Finally, Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.25.

BRP Stock Performance

Shares of NASDAQ DOOO traded down $0.02 during trading on Friday, reaching $35.36. The stock had a trading volume of 396,749 shares, compared to its average volume of 146,204. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock has a market cap of $2.58 billion, a PE ratio of 18.81 and a beta of 1.71. BRP Inc. has a one year low of $33.05 and a one year high of $74.00. The firm's 50 day moving average price is $40.77 and its two-hundred day moving average price is $48.58.

BRP (NASDAQ:DOOO - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share 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 company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.97 billion. On average, research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.1508 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. BRP's dividend payout ratio is -29.21%.

BRP Company 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.