Jane Street Group LLC Sells 46,398 Shares of BRP Inc. (NASDAQ:DOOO)

Jane Street Group LLC decreased its position in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 41.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,537 shares of the company's stock after selling 46,398 shares during the period. Jane Street Group LLC owned 0.09% of BRP worth $3,841,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DOOO. Systematic Financial Management LP lifted its position in shares of BRP by 3.0% during the 3rd quarter. Systematic Financial Management LP now owns 192,084 shares of the company's stock worth $11,437,000 after purchasing an additional 5,562 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of BRP by 115.1% during the third quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company's stock worth $1,124,000 after buying an additional 10,106 shares during the last quarter. De Lisle Partners LLP lifted its holdings in shares of BRP by 10.8% during the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company's stock worth $1,643,000 after buying an additional 2,697 shares during the last quarter. Quantbot Technologies LP boosted its position 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 acquiring an additional 337 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of BRP by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company's stock worth $73,027,000 after acquiring an additional 150,039 shares during the last quarter.

BRP Price Performance

Shares of BRP stock traded up $1.74 during midday trading on Thursday, reaching $51.77. The company had a trading volume of 194,415 shares, compared to its average volume of 130,399. The stock has a fifty day simple moving average of $51.09 and a 200 day simple moving average of $60.15. BRP Inc. has a 1-year low of $46.85 and a 1-year high of $75.59. The company has a current ratio of 1.37, a quick ratio of 0.37 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 27.54 and a beta of 2.03.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.1485 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.59 annualized dividend and a dividend yield of 1.15%. BRP's dividend payout ratio (DPR) is currently 32.98%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. 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 report on Monday, September 9th. National Bank Financial downgraded BRP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 21st. UBS Group lowered their price target on BRP from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Stifel Nicolaus downgraded BRP from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Finally, Desjardins cut BRP from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 8th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, BRP presently has an average rating of "Hold" and an average target price of $97.00.

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.