BRP Inc. (NASDAQ:DOOO) Stock Holdings Lifted by Vestcor Inc

Vestcor Inc boosted its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 285.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,090 shares of the company's stock after acquiring an additional 9,698 shares during the quarter. Vestcor Inc's holdings in BRP were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of BRP during the 4th quarter worth approximately $916,000. Charles Schwab Investment Management Inc. increased its stake in BRP by 3.5% in the 4th 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. Alberta Investment Management Corp increased its stake in BRP by 44.2% in the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock valued at $2,408,000 after purchasing an additional 14,500 shares in the last quarter. CIBC Asset Management Inc increased its stake in BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock valued at $7,270,000 after purchasing an additional 16,379 shares in the last quarter. Finally, Van ECK Associates Corp increased its position 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 buying an additional 66,627 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded BRP from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $48.00 to $29.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BRP presently has a consensus rating of "Hold" and a consensus price target of $87.80.

Remove Ads

BRP Stock Performance

Shares of NASDAQ DOOO traded down $1.52 during midday trading on Thursday, hitting $37.21. 254,000 shares of the company's stock were exchanged, compared to its average volume of 140,259. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock's 50 day moving average price is $44.75 and its 200-day moving average price is $50.90. The firm has a market cap of $2.72 billion, a P/E ratio of 19.79 and a beta of 2.03. BRP Inc. has a twelve month low of $36.57 and a twelve month high of $75.59.

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.