Vestcor Inc Buys 9,698 Shares of BRP Inc. (NASDAQ:DOOO)

Vestcor Inc grew its stake in BRP Inc. (NASDAQ:DOOO) by 285.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,090 shares of the company’s stock after acquiring an additional 9,698 shares during the period. Vestcor Inc’s holdings in BRP were worth $666,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after acquiring an additional 322 shares in the last quarter. DRW Securities LLC bought a new position in shares of BRP in the 3rd quarter valued at about $161,000. Public Employees Retirement System of Ohio bought a new position in shares of BRP in the 3rd quarter valued at about $178,000. Quantbot Technologies LP grew its holdings in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after acquiring an additional 337 shares in the last quarter. Finally, Addenda Capital Inc. grew its holdings in shares of BRP by 10.5% in the 4th quarter. Addenda Capital Inc. now owns 13,331 shares of the company’s stock valued at $678,000 after acquiring an additional 1,265 shares in the last quarter.

BRP Trading Up 0.8 %

Shares of NASDAQ:DOOO opened at $38.51 on Monday. The company has a 50-day simple moving average of $45.53 and a 200 day simple moving average of $51.45. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The company has a market capitalization of $2.81 billion, a P/E ratio of 20.48 and a beta of 2.03. BRP Inc. has a 52-week low of $36.63 and a 52-week high of $75.59.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BRP currently has an average rating of “Hold” and an average target price of $97.00.

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.