Quantbot Technologies LP Acquires 1,017 Shares of BRP Inc. (NASDAQ:DOOO)

Quantbot Technologies LP raised its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,844 shares of the company’s stock after purchasing an additional 1,017 shares during the quarter. Quantbot Technologies LP’s holdings in BRP were worth $246,000 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. CIBC Asset Management Inc lifted its holdings in shares of BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock valued at $7,270,000 after acquiring an additional 16,379 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of BRP by 44.2% in the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock valued at $2,408,000 after purchasing an additional 14,500 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of BRP by 699.9% in the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after purchasing an additional 66,627 shares during the period. Geode Capital Management LLC increased its position in shares of BRP by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after purchasing an additional 15,892 shares during the last quarter. Finally, Vestcor Inc raised its holdings in BRP by 285.9% during the 4th quarter. Vestcor Inc now owns 13,090 shares of the company’s stock valued at $666,000 after buying an additional 9,698 shares during the period.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “sell” rating and set a $27.00 price objective (down from $29.00) on shares of BRP in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.40.

BRP Price Performance

DOOO opened at $34.00 on Friday. The business has a fifty day moving average of $42.54 and a 200 day moving average of $49.50. The stock has a market cap of $2.48 billion, a P/E ratio of 18.09 and a beta of 2.03. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP Inc. has a 52-week low of $33.05 and a 52-week high of $75.59.

BRP (NASDAQ:DOOO) last issued its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, sell-side analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.1508 per share. The ex-dividend date is Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. BRP’s dividend payout ratio (DPR) is -29.21%.

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.