BRP Inc. (NASDAQ:DOOO) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its holdings in BRP Inc. (NASDAQ:DOOO) by 115.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,885 shares of the company’s stock after buying an additional 10,106 shares during the quarter. Hantz Financial Services Inc.’s holdings in BRP were worth $1,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DOOO. The Manufacturers Life Insurance Company increased its position in BRP by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock worth $73,027,000 after purchasing an additional 150,039 shares during the last quarter. American Century Companies Inc. raised its position in shares of BRP by 45.6% in the 2nd quarter. American Century Companies Inc. now owns 1,072,168 shares of the company’s stock worth $68,656,000 after buying an additional 335,715 shares during the period. National Bank of Canada FI grew its position in BRP by 13.5% during the second quarter. National Bank of Canada FI now owns 479,312 shares of the company’s stock valued at $30,455,000 after acquiring an additional 56,954 shares during the period. QV Investors Inc. acquired a new stake in BRP during the second quarter worth about $28,142,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BRP by 17.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock worth $24,159,000 after purchasing an additional 61,502 shares during the period.

BRP Trading Up 0.7 %

Shares of DOOO opened at $48.73 on Monday. BRP Inc. has a one year low of $46.85 and a one year high of $75.59. The stock has a 50-day moving average price of $53.31 and a 200 day moving average price of $61.62. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32. The company has a market capitalization of $3.56 billion, a P/E ratio of 20.22 and a beta of 2.07.

BRP (NASDAQ:DOOO) last released its earnings results on Friday, September 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.22 by $0.23. BRP had a return on equity of 79.58% and a net margin of 2.78%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Sell-side analysts forecast that BRP Inc. will post 2.26 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, September 27th. BRP’s payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DOOO shares. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Citigroup lowered their price target on BRP from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 9th. Scotiabank cut BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, UBS Group dropped their target price on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, BRP currently has a consensus rating of “Hold” and an average price target of $97.00.

BRP Company 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.