BRP Inc. (NASDAQ:DOOO) Shares Sold by Amundi

Amundi lowered its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 92.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,412 shares of the company's stock after selling 17,514 shares during the quarter. Amundi's holdings in BRP were worth $72,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DOOO. DRW Securities LLC purchased a new stake in BRP during the 3rd quarter valued at about $161,000. Public Employees Retirement System of Ohio purchased a new stake in shares of BRP in the third quarter valued at approximately $178,000. Quantbot Technologies LP increased its holdings in shares of BRP by 9.7% in the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after purchasing an additional 337 shares during the last quarter. Addenda Capital Inc. lifted its position in BRP by 10.5% during the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock worth $678,000 after buying an additional 1,265 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in BRP during the fourth quarter worth approximately $916,000.

Analyst Ratings Changes

Separately, Citigroup downgraded BRP from a "neutral" rating to a "sell" rating and cut their target price for the stock from $48.00 to $29.00 in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BRP currently has an average rating of "Hold" and a consensus price target of $87.80.

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BRP Trading Up 7.6 %

DOOO stock traded up $2.69 during midday trading on Wednesday, hitting $38.23. 594,941 shares of the company's stock were exchanged, compared to its average volume of 143,893. BRP Inc. has a 1-year low of $35.54 and a 1-year high of $75.59. The business has a 50-day simple moving average of $43.56 and a two-hundred day simple moving average of $49.91. The stock has a market capitalization of $2.79 billion, a PE ratio of 20.34 and a beta of 2.03. 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 issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, sell-side analysts predict that BRP Inc. will post 3.15 EPS for the current fiscal year.

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.