BRP Inc. (NASDAQ:DOOO) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,154 shares of the company’s stock after buying an additional 3,351 shares during the period. Charles Schwab Investment Management Inc. owned about 0.14% of BRP worth $5,047,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new stake in shares of BRP during the third quarter valued at approximately $161,000. Public Employees Retirement System of Ohio purchased a new position in BRP during the 3rd quarter worth approximately $178,000. Quantbot Technologies LP raised its stake in BRP by 9.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after purchasing an additional 337 shares during the period. Addenda Capital Inc. lifted its holdings in shares of BRP by 10.5% in the fourth quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of BRP by 115.1% in the third quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company’s stock worth $1,124,000 after buying an additional 10,106 shares during the period.

BRP Stock Down 6.7 %

NASDAQ DOOO opened at $35.54 on Wednesday. The stock’s 50 day simple moving average is $43.56 and its 200 day simple moving average is $49.91. BRP Inc. has a one year low of $35.54 and a one year high of $75.59. The firm has a market cap of $2.59 billion, a PE ratio of 18.90 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of BRP from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $48.00 to $29.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRP currently has an average rating of “Hold” and an average price target of $87.80.

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.