Nordea Investment Management AB increased its holdings in shares of BRP Inc (NASDAQ:DOOO) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,800 shares of the company’s stock after purchasing an additional 4,600 shares during the quarter. Nordea Investment Management AB owned 0.11% of BRP worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BRP by 21.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $94,000 after buying an additional 609 shares in the last quarter. CLARET ASSET MANAGEMENT Corp bought a new position in BRP during the first quarter valued at approximately $202,000. Intact Investment Management Inc. bought a new stake in shares of BRP in the 1st quarter valued at approximately $241,000. Bank of New York Mellon Corp purchased a new stake in shares of BRP in the third quarter worth approximately $300,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of BRP by 18.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 14,238 shares of the company’s stock valued at $357,000 after acquiring an additional 2,251 shares during the period. Institutional investors own 28.71% of the company’s stock.
A number of brokerages have recently issued reports on DOOO. ValuEngine upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Wells Fargo & Co set a $27.00 price target on Univar and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Goldman Sachs Group set a $131.00 price target on Microsoft and gave the company a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. BRP has a consensus rating of “Buy” and a consensus target price of $32.06.
BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. BRP had a negative return on equity of 80.77% and a net margin of 4.38%. The company had revenue of $999.74 million during the quarter, compared to analyst estimates of $939.22 million. On average, sell-side analysts forecast that BRP Inc will post 2.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, June 27th. BRP’s dividend payout ratio is currently 13.03%.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
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