Avior Wealth Management LLC Reduces Stake in BRP Inc. (NASDAQ:DOOO)

Avior Wealth Management LLC lowered its position in BRP Inc. (NASDAQ:DOOO) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,574 shares of the company’s stock after selling 1,034 shares during the period. Avior Wealth Management LLC’s holdings in BRP were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DOOO. Group One Trading L.P. purchased a new stake in BRP in the first quarter valued at approximately $52,000. State of Wyoming boosted its position in BRP by 126.5% in the 4th quarter. State of Wyoming now owns 845 shares of the company’s stock worth $65,000 after purchasing an additional 472 shares in the last quarter. Power Corp of Canada purchased a new stake in BRP in the 1st quarter worth approximately $69,000. Barclays PLC boosted its position in BRP by 232.5% in the 3rd quarter. Barclays PLC now owns 971 shares of the company’s stock worth $73,000 after purchasing an additional 679 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in BRP in the 3rd quarter worth approximately $93,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. CIBC upped their price objective on BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research report on Monday, April 1st. TheStreet lowered BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Desjardins upped their target price on BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Raymond James reduced their target price on BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.78.

BRP Stock Up 1.9 %

Shares of DOOO opened at $69.38 on Friday. BRP Inc. has a 52-week low of $57.15 and a 52-week high of $92.74. The company has a market capitalization of $5.26 billion, a PE ratio of 9.88 and a beta of 2.12. The stock has a fifty day simple moving average of $66.80 and a two-hundred day simple moving average of $68.37. The company has a quick ratio of 0.55, a current ratio of 1.41 and a debt-to-equity ratio of 3.32.

BRP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a dividend of $0.1545 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, April 5th. BRP’s dividend payout ratio is presently 8.83%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.