K.J. Harrison & Partners Inc Acquires Shares of 16,000 BRP Inc. $DOO

K.J. Harrison & Partners Inc acquired a new stake in BRP Inc. (NASDAQ:DOO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,000 shares of the company’s stock, valued at approximately $1,133,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. bought a new position in BRP in the 4th quarter valued at $98,153,000. QV Investors Inc. bought a new position in shares of BRP during the 4th quarter worth $31,701,000. Montrusco Bolton Investments Inc. bought a new position in shares of BRP during the 4th quarter worth $19,070,000. UBS Group AG bought a new position in shares of BRP during the 4th quarter worth $6,222,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of BRP during the 4th quarter worth $5,551,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DOO shares. Royal Bank Of Canada cut their price target on BRP from $124.00 to $107.00 and set an “outperform” rating for the company in a research note on Monday, April 20th. Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded BRP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, TD Cowen downgraded BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.67.

BRP Stock Performance

Shares of DOO opened at $55.77 on Friday. The business’s 50-day moving average is $65.35. The stock has a market cap of $4.08 billion, a PE ratio of 19.17 and a beta of 0.90. The company has a debt-to-equity ratio of 3.92, a current ratio of 1.27 and a quick ratio of 0.56. BRP Inc. has a 52-week low of $34.53 and a 52-week high of $81.89.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from BRP’s previous quarterly dividend of $0.07. BRP’s payout ratio is 24.74%.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.