Landscape Capital Management L.L.C. Sells 17,845 Shares of BRP Inc. (NASDAQ:DOOO)

Landscape Capital Management L.L.C. lowered its holdings in BRP Inc. (NASDAQ:DOOO - Free Report) by 52.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,349 shares of the company's stock after selling 17,845 shares during the period. Landscape Capital Management L.L.C.'s holdings in BRP were worth $973,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. boosted its holdings in BRP by 23.9% in the 1st quarter. 1832 Asset Management L.P. now owns 122,549 shares of the company's stock valued at $8,223,000 after purchasing an additional 23,678 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of BRP during the 1st quarter worth approximately $2,422,000. Sei Investments Co. lifted its holdings in shares of BRP by 31.3% during the 2nd quarter. Sei Investments Co. now owns 105,163 shares of the company's stock worth $6,734,000 after acquiring an additional 25,041 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of BRP by 63.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 46,993 shares of the company's stock worth $3,011,000 after acquiring an additional 18,269 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of BRP by 13.5% during the 2nd quarter. National Bank of Canada FI now owns 479,312 shares of the company's stock worth $30,455,000 after acquiring an additional 56,954 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOOO shares. Desjardins downgraded shares of BRP from a "moderate buy" rating to a "hold" rating in a report on Sunday, September 8th. National Bank Financial downgraded shares of BRP from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, August 21st. Scotiabank downgraded shares of BRP from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, September 9th. Stifel Nicolaus downgraded shares of BRP from a "buy" rating to a "hold" 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 for the company in a research note on Friday, September 13th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $97.00.

BRP Trading Up 0.5 %

Shares of DOOO traded up $0.22 during trading hours on Friday, hitting $48.51. 129,013 shares of the stock were exchanged, compared to its average volume of 126,821. BRP Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. The business has a 50-day moving average of $54.54 and a 200-day moving average of $62.40. The firm has a market capitalization of $3.54 billion, a P/E ratio of 20.13 and a beta of 2.07.

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

BRP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, September 27th. BRP's dividend payout ratio 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.