Jane Street Group LLC Sells 46,398 Shares of BRP Inc. (NASDAQ:DOOO)

Jane Street Group LLC lowered its position in shares of BRP Inc. (NASDAQ:DOOO) by 41.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,537 shares of the company’s stock after selling 46,398 shares during the period. Jane Street Group LLC owned about 0.09% of BRP worth $3,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOOO. US Bancorp DE raised its position in shares of BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after purchasing an additional 322 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of BRP in the third quarter valued at about $72,000. DRW Securities LLC purchased a new stake in BRP during the 3rd quarter worth approximately $161,000. Lake Street Advisors Group LLC purchased a new stake in shares of BRP during the second quarter worth $201,000. Finally, Intech Investment Management LLC acquired a new stake in BRP in the 2nd quarter valued at about $209,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DOOO shares. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Citigroup reduced their price objective on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 9th. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Finally, Scotiabank cut BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Six investment 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.00.

BRP Price Performance

NASDAQ:DOOO opened at $50.03 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The business’s 50-day moving average price is $51.27 and its 200 day moving average price is $60.23. BRP Inc. has a 52-week low of $46.85 and a 52-week high of $75.59. The firm has a market cap of $3.65 billion, a P/E ratio of 26.61 and a beta of 2.03.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.1485 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.19%. BRP’s dividend payout ratio (DPR) is currently 32.98%.

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.