Vanguard Group Inc. Acquires Shares of 1,388,139 BRP Inc. $DOO

Vanguard Group Inc. acquired a new stake in BRP Inc. (NASDAQ:DOO) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,388,139 shares of the company’s stock, valued at approximately $98,153,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new position in BRP in the 4th quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale acquired a new position in BRP in the 4th quarter valued at approximately $284,000. Annex Advisory Services LLC acquired a new position in BRP in the 4th quarter valued at approximately $279,000. Cortland Associates Inc. MO acquired a new position in BRP in the 4th quarter valued at approximately $329,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in BRP in the 4th quarter valued at approximately $751,000.

BRP Stock Down 2.0%

Shares of DOO opened at $54.87 on Thursday. The business’s fifty day simple moving average is $63.83. BRP Inc. has a 12 month low of $35.02 and a 12 month high of $81.89. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 18.86 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a dividend of $0.25 per share. This is a positive change from BRP’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. BRP’s dividend payout ratio (DPR) is currently 24.74%.

Analyst Upgrades and Downgrades

DOO has been the topic of several research reports. Citigroup dropped their price objective on shares of BRP from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wall Street Zen lowered shares of BRP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research note on Monday, March 23rd. TD Cowen lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Canaccord Genuity Group lowered shares of BRP from a “strong-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, BRP presently has a consensus rating of “Hold” and an average price target of $85.67.

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.