BRP Inc. $DOO Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of BRP Inc. (NASDAQ:DOO) by 3.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232,711 shares of the company’s stock after purchasing an additional 8,239 shares during the quarter. TD Asset Management Inc’s holdings in BRP were worth $14,210,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts have commented on DOO shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a research report on Friday, May 29th. TD Securities reaffirmed a “hold” rating on shares of BRP in a research report on Friday, May 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of BRP in a research note on Thursday, July 2nd. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, UBS Group reduced their price target on BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.00.

BRP Trading Down 0.4%

NASDAQ:DOO opened at $64.51 on Friday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 24.34 and a beta of 0.88. BRP Inc. has a one year low of $48.83 and a one year high of $81.89. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30. The business’s 50-day simple moving average is $60.99 and its 200 day simple moving average is $64.70.

BRP Dividend Announcement

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

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.