JPMorgan Chase & Co. Sells 1,188 Shares of BRP Inc. (NASDAQ:DOOO)

JPMorgan Chase & Co. lessened its holdings in BRP Inc. (NASDAQ:DOOO) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,281 shares of the company’s stock after selling 1,188 shares during the period. JPMorgan Chase & Co.’s holdings in BRP were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of BRP by 41.5% in the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after purchasing an additional 214,626 shares during the period. Geode Capital Management LLC grew its position in shares of BRP by 8.3% in the third 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. Public Employees Retirement System of Ohio bought a new position in shares of BRP during the third quarter worth approximately $178,000. Systematic Financial Management LP lifted its holdings in BRP by 3.0% during the 3rd quarter. Systematic Financial Management LP now owns 192,084 shares of the company’s stock worth $11,437,000 after purchasing an additional 5,562 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in BRP by 115.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company’s stock valued at $1,124,000 after purchasing an additional 10,106 shares during the period.

BRP Stock Down 5.3 %

DOOO stock opened at $47.81 on Friday. BRP Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 25.43 and a beta of 2.02. The business’s fifty day moving average price is $51.08 and its two-hundred day moving average price is $57.51.

BRP (NASDAQ:DOOO) last announced its earnings results on Friday, December 6th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, equities analysts anticipate that BRP Inc. will post 3.16 earnings per share for the current year.

BRP Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.1485 per share. This represents a $0.59 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, December 31st. BRP’s dividend payout ratio (DPR) is currently 30.85%.

BRP Company 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.