Raymond James Financial Inc. acquired a new stake in BRP Inc. (NASDAQ:DOOO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,009 shares of the company's stock, valued at approximately $916,000.
A number of other hedge funds and other institutional investors have also modified their holdings of DOOO. Public Employees Retirement System of Ohio purchased a new position in BRP in the third quarter valued at $178,000. Addenda Capital Inc. increased its holdings in shares of BRP by 10.5% in the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company's stock valued at $678,000 after acquiring an additional 1,265 shares during the last quarter. Alberta Investment Management Corp raised its position in shares of BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock worth $2,408,000 after acquiring an additional 14,500 shares in the last quarter. Van ECK Associates Corp lifted its stake in BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock worth $3,875,000 after purchasing an additional 66,627 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in BRP by 3.5% in 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 in the last quarter.
BRP Stock Performance
DOOO stock traded up $4.12 during trading on Wednesday, hitting $37.30. The company had a trading volume of 410,038 shares, compared to its average volume of 150,483. The firm has a 50-day moving average price of $39.28 and a 200-day moving average price of $47.77. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The firm has a market cap of $2.72 billion, a PE ratio of 19.84 and a beta of 1.71. BRP Inc. has a 1-year low of $32.24 and a 1-year high of $74.00.
BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, analysts expect that BRP Inc. will post 3.15 earnings per share for the current year.
BRP Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.1508 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, April 4th. This is a boost from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio (DPR) is -29.21%.
Wall Street Analysts Forecast Growth
DOOO has been the subject of several recent analyst reports. Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $27.00 to $37.00 in a research report on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research report on Friday, April 4th. TD Securities reaffirmed a "hold" rating on shares of BRP in a report on Thursday, March 27th. Raymond James reissued a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Finally, Baird R W cut BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, BRP currently has an average rating of "Hold" and a consensus price target of $61.25.
Check Out Our Latest Stock Report on BRP
BRP Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider BRP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRP wasn't on the list.
While BRP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
