BRP Inc. (NASDAQ:DOOO) Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. lifted its stake in BRP Inc. (NASDAQ:DOOO) by 45.6% in the second quarter, HoldingsChannel reports. The firm owned 1,072,168 shares of the company’s stock after purchasing an additional 335,715 shares during the period. American Century Companies Inc.’s holdings in BRP were worth $68,656,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd lifted its stake in BRP by 66.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Trivant Custom Portfolio Group LLC acquired a new position in BRP during the 1st quarter valued at $50,000. Dnca Finance bought a new stake in BRP in the 2nd quarter valued at $66,000. Lake Street Advisors Group LLC acquired a new stake in BRP in the 2nd quarter worth $201,000. Finally, Clearbridge Investments LLC bought a new position in shares of BRP during the 4th quarter worth about $211,000.

BRP Price Performance

Shares of BRP stock opened at $62.63 on Monday. BRP Inc. has a 1-year low of $57.15 and a 1-year high of $79.40. The firm’s 50-day moving average price is $67.84 and its two-hundred day moving average price is $66.80. The company has a current ratio of 1.32, a quick ratio of 0.46 and a debt-to-equity ratio of 4.99. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.33 and a beta of 2.07.

BRP Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DOOO shares. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. CIBC cut their target price on BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a research note on Monday, June 3rd. Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, UBS Group dropped their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average price target of $97.00.

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.