Alberta Investment Management Corp Has $2.41 Million Stock Position in BRP Inc. (NASDAQ:DOOO)

Alberta Investment Management Corp lifted its stake in BRP Inc. (NASDAQ:DOOO) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,300 shares of the company’s stock after purchasing an additional 14,500 shares during the period. Alberta Investment Management Corp owned 0.06% of BRP worth $2,408,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. US Bancorp DE boosted its holdings in BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of BRP in the 3rd quarter valued at approximately $161,000. Public Employees Retirement System of Ohio bought a new position in BRP during the 3rd quarter worth approximately $178,000. Creative Planning acquired a new position in BRP during the third quarter valued at approximately $227,000. Finally, Quantbot Technologies LP increased its stake in BRP by 9.7% in the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after purchasing an additional 337 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.00.

BRP Stock Down 4.4 %

BRP stock opened at $41.99 on Friday. The company has a 50 day moving average of $49.13 and a 200-day moving average of $54.88. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP Inc. has a twelve month low of $40.68 and a twelve month high of $75.59. The stock has a market capitalization of $3.07 billion, a PE ratio of 22.34 and a beta of 2.02.

BRP (NASDAQ:DOOO) last announced its earnings results on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. On average, equities research analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.1485 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.41%. BRP’s payout ratio is presently 30.85%.

BRP Profile

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.