Addenda Capital Inc. Sells 185 Shares of BRP Inc. (NASDAQ:DOOO)

Addenda Capital Inc. trimmed its position in BRP Inc. (NASDAQ:DOOOFree Report) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,055 shares of the company’s stock after selling 185 shares during the period. Addenda Capital Inc.’s holdings in BRP were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of BRP by 2.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,160 shares of the company’s stock valued at $521,000 after acquiring an additional 160 shares during the period. CIBC Asset Management Inc grew its position in shares of BRP by 0.5% during the 2nd quarter. CIBC Asset Management Inc now owns 34,228 shares of the company’s stock valued at $2,896,000 after acquiring an additional 160 shares during the period. Moors & Cabot Inc. grew its position in shares of BRP by 8.2% during the 1st quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock valued at $216,000 after acquiring an additional 200 shares during the period. Pearl River Capital LLC grew its position in shares of BRP by 4.3% during 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 period. Finally, Dimensional Fund Advisors LP grew its position in shares of BRP by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,228 shares of the company’s stock valued at $876,000 after acquiring an additional 282 shares during the period.

BRP Stock Performance

Shares of DOOO stock opened at $74.14 on Thursday. The stock has a market capitalization of $5.62 billion, a P/E ratio of 10.56 and a beta of 2.12. The company has a current ratio of 1.41, a quick ratio of 0.41 and a debt-to-equity ratio of 3.32. The firm’s 50 day moving average is $65.54 and its 200 day moving average is $68.63. BRP Inc. has a 12 month low of $57.15 and a 12 month high of $92.74.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a $0.1545 dividend. This represents a $0.62 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, April 5th. BRP’s dividend payout ratio is presently 7.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. TheStreet downgraded shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Desjardins increased their target price on shares of BRP from $112.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday. CIBC increased their target price on shares of BRP from $106.00 to $110.00 and gave the company an “outperformer” rating in a research report on Monday. Finally, Raymond James dropped their price target on shares of BRP from $114.00 to $108.00 and set a “strong-buy” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BRP has a consensus rating of “Moderate Buy” and an average target price of $125.78.

Read Our Latest Stock Report on DOOO

BRP Company Profile

(Free Report)

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.

Further Reading

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Institutional Ownership by Quarter for BRP (NASDAQ:DOOO)

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