American Century Companies Inc. Boosts Stock Position in BRP Inc. (NASDAQ:DOOO)

American Century Companies Inc. lifted its holdings in BRP Inc. (NASDAQ:DOOO) by 45.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,072,168 shares of the company’s stock after acquiring an additional 335,715 shares during the quarter. American Century Companies Inc. owned 1.45% of BRP worth $68,656,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. UniSuper Management Pty Ltd lifted its position in BRP by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Trivant Custom Portfolio Group LLC purchased a new position in BRP in the 1st quarter valued at approximately $50,000. Dnca Finance purchased a new position in BRP in the second quarter valued at $66,000. Clearbridge Investments LLC purchased a new position in shares of BRP in the 4th quarter valued at about $211,000. Finally, Lake Street Advisors Group LLC acquired a new stake in BRP in the second quarter valued at approximately $201,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DOOO shares. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. UBS Group dropped their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Finally, Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and an average price target of $97.00.

BRP Trading Up 0.5 %

NASDAQ DOOO opened at $62.63 on Monday. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.46 and a current ratio of 1.32. The firm has a market capitalization of $4.64 billion, a PE ratio of 11.33 and a beta of 2.07. BRP Inc. has a one year low of $57.15 and a one year high of $79.40. The company has a 50-day simple moving average of $67.84 and a 200-day simple moving average of $66.80.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio is currently 10.85%.

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.