Intact Investment Management Inc. Acquires 95,530 Shares of BRP Inc. (NASDAQ:DOOO)

Intact Investment Management Inc. raised its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 323.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,100 shares of the company’s stock after purchasing an additional 95,530 shares during the quarter. Intact Investment Management Inc. owned 0.17% of BRP worth $8,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DOOO. Barclays PLC lifted its holdings in shares of BRP by 232.5% in the 3rd quarter. Barclays PLC now owns 971 shares of the company’s stock valued at $73,000 after acquiring an additional 679 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of BRP by 31.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,717 shares of the company’s stock valued at $130,000 after acquiring an additional 410 shares during the last quarter. NewEdge Wealth LLC bought a new position in shares of BRP in the 4th quarter valued at about $215,000. Aviva PLC bought a new position in shares of BRP in the 3rd quarter valued at about $348,000. Finally, Pearl River Capital LLC lifted its holdings in shares of BRP by 4.3% in the 3rd quarter. Pearl River Capital LLC now owns 4,944 shares of the company’s stock valued at $374,000 after acquiring an additional 202 shares during the last quarter.

Analyst Upgrades and Downgrades

DOOO has been the topic of a number of recent analyst reports. Desjardins increased their price objective on shares of BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Raymond James reduced their price objective on shares of BRP from $114.00 to $108.00 and set a “strong-buy” rating on the stock in a research report on Monday, April 1st. CIBC raised their target price on shares of BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research report on Monday, April 1st. Finally, TheStreet lowered shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.78.

BRP Stock Performance

Shares of BRP stock traded down $0.43 during trading on Friday, hitting $68.74. 61,719 shares of the company’s stock were exchanged, compared to its average volume of 149,897. BRP Inc. has a 52-week low of $57.15 and a 52-week high of $92.74. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. The business has a 50-day simple moving average of $66.99 and a 200-day simple moving average of $68.21. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.79 and a beta of 2.12.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Thursday, March 28th. The company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.12). BRP had a net margin of 7.20% and a return on equity of 120.39%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.05 billion. On average, research analysts forecast that BRP Inc. will post 5.7 EPS for the current year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a dividend of $0.1545 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.90%. BRP’s dividend payout ratio is currently 8.83%.

About BRP

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.