Zurcher Kantonalbank Zurich Cantonalbank Buys Shares of 10,611 BRP Inc. $DOO

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BRP Inc. (NASDAQ:DOO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,611 shares of the company’s stock, valued at approximately $751,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Annex Advisory Services LLC purchased a new position in BRP during the 4th quarter valued at about $279,000. Addenda Capital Inc. purchased a new position in BRP during the 4th quarter valued at about $1,170,000. Signaturefd LLC purchased a new position in BRP during the 4th quarter valued at about $43,000. Finally, QV Investors Inc. purchased a new position in BRP during the 4th quarter valued at about $31,701,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DOO. Seaport Research Partners cut BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. UBS Group reaffirmed a “neutral” rating on shares of BRP in a research report on Friday, April 24th. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.67.

BRP Price Performance

Shares of DOO stock opened at $55.66 on Friday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 19.13 and a beta of 0.90. The business has a 50-day moving average price of $66.79. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27. BRP Inc. has a fifty-two week low of $33.04 and a fifty-two week high of $81.89.

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 issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from BRP’s previous quarterly dividend of $0.07. BRP’s payout ratio is 24.74%.

BRP Company 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.