BRP Inc. (NASDAQ:DOOO) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in shares of BRP Inc. (NASDAQ:DOOO) by 57.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,925 shares of the company’s stock after purchasing an additional 2,165 shares during the period. DekaBank Deutsche Girozentrale’s holdings in BRP were worth $368,000 at the end of the most recent reporting period.

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

BRP Stock Down 0.4 %

Shares of NASDAQ DOOO opened at $61.52 on Friday. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 10.98 and a beta of 2.07. BRP Inc. has a 1 year low of $57.15 and a 1 year high of $79.40. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.46 and a current ratio of 1.32. The stock’s 50-day simple moving average is $67.64 and its 200-day simple moving average is $66.65.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.152 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, September 27th. BRP’s payout ratio is 11.21%.

Analyst Ratings Changes

A number of analysts recently issued reports on DOOO shares. Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Citigroup decreased their price target 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. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, CIBC reduced their price objective on BRP from $110.00 to $100.00 and set an “outperformer” rating on the stock in a research note on Monday, June 3rd. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.