Pembroke Management LTD Sells 123,815 Shares of BRP Inc. (NASDAQ:DOOO)

Pembroke Management LTD trimmed its holdings in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 96.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,813 shares of the company's stock after selling 123,815 shares during the period. Pembroke Management LTD's holdings in BRP were worth $287,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of BRP by 753.8% during the first quarter. BNP Paribas Financial Markets now owns 6,002 shares of the company's stock worth $403,000 after buying an additional 5,299 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of BRP in the 1st quarter valued at approximately $3,178,000. Sei Investments Co. bought a new stake in shares of BRP in the 1st quarter worth about $5,376,000. Russell Investments Group Ltd. raised its stake in BRP by 77.7% during the first quarter. Russell Investments Group Ltd. now owns 12,870 shares of the company's stock valued at $865,000 after buying an additional 5,627 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in BRP by 18.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 35,081 shares of the company's stock worth $2,357,000 after purchasing an additional 5,489 shares during the last quarter.

BRP Trading Up 1.1 %

Shares of NASDAQ DOOO traded up $0.56 during midday trading on Friday, reaching $49.83. 151,771 shares of the stock were exchanged, compared to its average volume of 130,631. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. BRP Inc. has a 12 month low of $49.00 and a 12 month high of $77.12. The business has a 50-day simple moving average of $59.89 and a two-hundred day simple moving average of $64.45. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 20.68 and a beta of 2.07.

BRP (NASDAQ:DOOO - Get Free Report) last posted its earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.23. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. As a group, equities research analysts expect that BRP Inc. will post 2.3 EPS for the current year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.152 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.22%. BRP's dividend payout ratio is currently 25.73%.

Analyst Ratings Changes

DOOO has been the subject of a number of recent analyst reports. Scotiabank lowered BRP from a "sector outperform" rating to a "sector perform" rating in a report on Monday, September 9th. UBS Group decreased their target price on BRP from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Desjardins lowered shares of BRP from a "moderate buy" rating to a "hold" rating in a research note on Sunday, September 8th. Stifel Nicolaus lowered BRP from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Finally, Cibc World Mkts downgraded BRP from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, BRP has an average rating of "Hold" and an average price target of $97.00.

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.