2 weeks Ago By ABMN Staff
Legal & General Group Plc cut its stake in BRP Inc. ( NASDAQ:DOOO – Free Report ) by 84.4% in the 4th quarter, HoldingsChannel reports.
The fund owned 34,563 shares of the company’s stock after selling 186,917 shares during the period. Legal & General Group Plc’s holdings in BRP were worth $1,759,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of the company.
Geode Capital Management LLC boosted its position in shares of BRP by 8.3% in the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock worth $12,978,000 after buying an additional 15,892 shares during the period.
Franklin Resources Inc. lifted its stake in shares of BRP by 41.5% in the 3rd quarter.
Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after purchasing an additional 214,626 shares during the last quarter. Addenda Capital Inc.
lifted its position in shares of BRP by 10.5% in the fourth quarter. Addenda Capital Inc.
now owns 13,331 shares of the company’s stock worth $678,000 after buying an additional 1,265 shares during the last quarter. Van ECK Associates Corp boosted 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 purchasing an additional 66,627 shares during the period. Finally, CIBC Asset Management Inc grew 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 buying an additional 16,379 shares during the last quarter. Analyst Ratings Changes A number of brokerages have recently commented on DOOO. TD Securities reiterated a “hold” rating on shares of BRP in a report on Thursday, March 27th.
UBS Group lowered their price objective on BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday.
Baird R W downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup raised 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 note on Friday, April 4th. Finally, Raymond James reissued a “strong-buy” rating on shares of BRP in a research note on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.75. BRP Trading Down 0.
1 % NASDAQ DOOO opened at $34.52 on Friday. The company has a market capitalization of $2.
52 billion, a PE ratio of 18.36 and a beta of 1.71.
The stock has a 50-day simple moving average of $37.12 and a 200 day simple moving average of $45.77.
The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.
19. BRP Inc. has a 12 month low of $31.
78 and a 12 month high of $74.00. BRP ( NASDAQ:DOOO – Get Free Report ) last posted its earnings results on Wednesday, March 26th.
The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.
07. BRP had a return on equity of 61.20% and a net margin of 2.
29%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.
97 billion. Research analysts forecast that BRP Inc. will post 3.
15 EPS for the current year. BRP Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a $0.
1508 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.
75%. This is a positive change from BRP’s previous quarterly dividend of $0.15.
The ex-dividend date was Friday, April 4th. BRP’s payout ratio is -29.21%.
BRP 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. Featured Articles Want to see what other hedge funds are holding DOOO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for BRP Inc. ( NASDAQ:DOOO – Free Report ). Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.
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