19,000 Shares in BRP Inc. $DOO Acquired by Spark Investment Management LLC

Spark Investment Management LLC purchased a new position in shares of BRP Inc. (NASDAQ:DOO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,000 shares of the company’s stock, valued at approximately $1,344,000. BRP makes up 3.3% of Spark Investment Management LLC’s portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of DOO. QV Investors Inc. acquired a new position in shares of BRP during the fourth quarter worth $31,701,000. Signaturefd LLC acquired a new position in shares of BRP during the 4th quarter worth about $43,000. Addenda Capital Inc. acquired a new position in shares of BRP during the 4th quarter worth about $1,170,000. Annex Advisory Services LLC purchased a new position in shares of BRP in the 4th quarter valued at about $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BRP during the 4th quarter worth about $751,000.

Wall Street Analysts Forecast Growth

DOO has been the subject of several research analyst reports. TD Cowen cut shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. TD Securities reaffirmed a “hold” rating on shares of BRP in a report on Friday, May 29th. Zacks Research lowered BRP from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, UBS Group cut their price target on BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.00.

BRP Price Performance

Shares of DOO opened at $60.70 on Monday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP Inc. has a 52-week low of $46.23 and a 52-week high of $81.89. The company has a 50-day moving average of $61.18. The stock has a market cap of $4.48 billion, a P/E ratio of 22.91 and a beta of 0.89.

BRP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. BRP’s payout ratio is 27.17%.

BRP Company Profile

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.