Mitsubishi UFJ Trust & Banking Corp Acquires Shares of 12,200 BRP Inc. $DOO

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BRP Inc. (NASDAQ:DOO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,200 shares of the company’s stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pictet Asset Management Holding SA bought a new position in shares of BRP during the 4th quarter valued at approximately $483,000. UBS Group AG bought a new position in shares of BRP during the 4th quarter valued at approximately $6,222,000. Vanguard Group Inc. bought a new position in shares of BRP during the 4th quarter valued at approximately $98,153,000. Montrusco Bolton Investments Inc. bought a new position in shares of BRP during the 4th quarter valued at approximately $19,070,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of BRP during the 4th quarter valued at approximately $284,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DOO. TD Cowen downgraded BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group reiterated a “neutral” rating on shares of BRP in a research report on Friday, April 24th. Finally, TD Securities downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.67.

BRP Stock Up 0.8%

Shares of DOO opened at $53.97 on Wednesday. The company has a market capitalization of $3.95 billion, a P/E ratio of 18.55 and a beta of 0.90. The stock has a fifty day moving average of $66.24. BRP Inc. has a 52-week low of $33.04 and a 52-week high of $81.89. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were given a $0.25 dividend. This is a boost from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, April 10th. BRP’s dividend payout ratio is 24.40%.

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.