Mitsubishi UFJ Trust & Banking Corp Sells 13,800 Shares of BRP Inc. $DOO

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of BRP Inc. (NASDAQ:DOO) by 90.8% in the second quarter, HoldingsChannel reports. The fund owned 1,400 shares of the company’s stock after selling 13,800 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in BRP were worth $85,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp bought a new position in shares of BRP during the 4th quarter worth approximately $207,651,000. Price T Rowe Associates Inc. MD bought a new stake in shares of BRP in the fourth quarter worth $169,341,000. Capital World Investors bought a new stake in shares of BRP in the fourth quarter worth $158,763,000. FIL Ltd acquired a new position in BRP during the fourth quarter worth $123,110,000. Finally, Vanguard Group Inc. acquired a new position in BRP during the fourth quarter worth $98,153,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOO. Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a research report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Citigroup decreased their price objective on BRP from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, May 29th. Finally, Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.00.

BRP Trading Down 0.4%

Shares of DOO stock opened at $64.51 on Friday. The firm has a 50 day moving average price of $60.99 and a two-hundred day moving average price of $64.70. BRP Inc. has a 12-month low of $48.83 and a 12-month high of $81.89. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. The company has a market capitalization of $4.73 billion, a PE ratio of 24.34 and a beta of 0.88.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 1.6%. BRP’s dividend payout ratio (DPR) is 26.42%.

BRP Profile

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.