87,936 Shares in BRP Inc. $DOO Bought by UBS Group AG

UBS Group AG bought a new position in BRP Inc. (NASDAQ:DOO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 87,936 shares of the company’s stock, valued at approximately $6,222,000. UBS Group AG owned 0.12% of BRP as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in BRP during the 4th quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new position in BRP during the 4th quarter valued at $284,000. Annex Advisory Services LLC purchased a new position in BRP during the 4th quarter valued at $279,000. Cortland Associates Inc. MO purchased a new position in BRP during the 4th quarter valued at $329,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BRP during the 4th quarter valued at $751,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DOO shares. TD Securities downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wells Fargo & Company started coverage on shares of BRP in a research report on Wednesday, March 11th. They set an “overweight” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. UBS Group reissued a “neutral” rating on shares of BRP in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reduced their price objective on shares of BRP from $124.00 to $107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.67.

BRP Price Performance

Shares of BRP stock opened at $54.17 on Wednesday. The company has a market cap of $3.99 billion, a PE ratio of 18.62 and a beta of 0.90. The stock has a 50-day moving average price of $62.72. BRP Inc. has a 1 year low of $35.02 and a 1 year high of $81.89. 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 company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, April 10th. This is a positive change from BRP’s previous quarterly dividend of $0.07. BRP’s dividend payout ratio (DPR) is presently 24.74%.

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.