Swiss National Bank Sells 1,300 Shares of BRP Inc. (NASDAQ:DOOO)

Swiss National Bank lessened its stake in shares of BRP Inc. (NASDAQ:DOOO) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,644 shares of the company’s stock after selling 1,300 shares during the period. Swiss National Bank owned about 0.15% of BRP worth $6,417,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DOOO. Russell Investments Group Ltd. raised its stake in shares of BRP by 77.7% during the 1st quarter. Russell Investments Group Ltd. now owns 12,870 shares of the company’s stock worth $865,000 after purchasing an additional 5,627 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in BRP during the first quarter worth $2,422,000. Jane Street Group LLC lifted its stake in BRP by 61.6% in the first quarter. Jane Street Group LLC now owns 84,630 shares of the company’s stock valued at $5,683,000 after acquiring an additional 32,266 shares during the last quarter. Tidal Investments LLC bought a new position in shares of BRP in the 1st quarter valued at about $267,000. Finally, Dnca Finance acquired a new position in shares of BRP during the 2nd quarter worth about $66,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cibc World Mkts cut BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. UBS Group dropped their price target on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Citigroup cut their target price on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Stock Down 6.5 %

DOOO opened at $47.56 on Wednesday. The stock has a fifty day moving average of $54.35 and a 200-day moving average of $62.17. The company has a market capitalization of $3.47 billion, a P/E ratio of 19.61 and a beta of 2.07. BRP Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. On average, equities analysts expect that BRP Inc. will post 2.27 EPS for the current year.

BRP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is presently 25.73%.

BRP Company 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.