Deutsche Bank AG Lowers Stock Position in BRP Inc. (NASDAQ:DOOO)
Deutsche Bank AG reduced its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,069 shares of the company's stock after selling 38,450 shares during the period. Deutsche Bank AG's holdings in BRP were worth $461,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in shares of BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after buying an additional 490 shares in the last quarter. Signaturefd LLC lifted its position in shares of BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after buying an additional 903 shares in the last quarter. Dnca Finance lifted its position in shares of BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after buying an additional 369 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in BRP in the 4th quarter worth approximately $77,000. Finally, Intact Investment Management Inc. bought a new position in BRP in the 4th quarter worth approximately $148,000.
DOOO has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and increased their price objective for the company from $27.00 to $37.00 in a report on Friday, April 4th. Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. TD Securities reaffirmed a "hold" rating on shares of BRP in a report on Thursday, March 27th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Ten equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $53.75.
Read Our Latest Research Report on BRP
NASDAQ:DOOO opened at $40.55 on Friday. The stock's fifty day moving average is $35.34 and its 200 day moving average is $42.91. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $74.00. The firm has a market capitalization of $2.96 billion, a PE ratio of 21.57 and a beta of 1.17. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37.
BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, sell-side analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a $0.1508 dividend. This represents a $0.60 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, April 4th. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio is -29.21%.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.
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