BRP Inc. (NASDAQ:DOOO) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its position in shares of BRP Inc. (NASDAQ:DOOO) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,224 shares of the company’s stock after selling 4,569 shares during the quarter. Toronto Dominion Bank’s holdings in BRP were worth $1,487,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd boosted its position in shares of 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 buying an additional 200 shares in the last quarter. Trivant Custom Portfolio Group LLC purchased a new stake in shares of BRP in the first quarter valued at about $50,000. Dnca Finance acquired a new stake in shares of BRP in the second quarter valued at approximately $66,000. Lake Street Advisors Group LLC acquired a new stake in shares of BRP in the second quarter valued at approximately $201,000. Finally, Intech Investment Management LLC purchased a new position in shares of BRP during the 2nd quarter worth approximately $209,000.

BRP Trading Down 2.2 %

NASDAQ DOOO opened at $59.54 on Tuesday. The company has a market cap of $4.41 billion, a P/E ratio of 10.77 and a beta of 2.07. BRP Inc. has a 12 month low of $57.15 and a 12 month high of $79.40. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. The company has a 50-day moving average of $66.30 and a 200-day moving average of $66.56.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.152 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.02%. BRP’s dividend payout ratio (DPR) is 11.21%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup lowered their target price on BRP from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 9th. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.00.

BRP 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.