Grantham Mayo Van Otterloo & Co. LLC Decreases Holdings in BRP Inc. (NASDAQ:DOOO)

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in BRP Inc. (NASDAQ:DOOO) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,272 shares of the company’s stock after selling 19,100 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.06% of BRP worth $2,203,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during the period. Quantbot Technologies LP boosted its holdings in BRP by 26.6% during the 4th quarter. Quantbot Technologies LP now owns 4,844 shares of the company’s stock valued at $246,000 after acquiring an additional 1,017 shares during the period. Addenda Capital Inc. boosted its holdings in BRP by 10.5% during 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 during the period. C M Bidwell & Associates Ltd. bought a new position in BRP in the 4th quarter valued at $77,000. Finally, Intact Investment Management Inc. purchased a new stake in BRP in the fourth quarter worth $148,000.

BRP Price Performance

NASDAQ DOOO opened at $35.69 on Tuesday. The company has a market cap of $2.61 billion, a PE ratio of 18.98 and a beta of 1.71. The firm’s 50 day moving average price is $40.42 and its 200-day moving average price is $48.31. 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 Inc. has a 52-week low of $33.05 and a 52-week high of $74.00.

BRP (NASDAQ:DOOO) last announced its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. Sell-side analysts forecast that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.1508 dividend. This is a boost from BRP’s previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, April 4th. BRP’s dividend payout ratio (DPR) is currently -29.21%.

Analyst Ratings Changes

DOOO has been the topic of a number of research analyst reports. Citigroup upgraded shares of BRP from a “sell” rating to a “neutral” rating and upped their price target for the stock from $27.00 to $37.00 in a report on Friday. Robert W. Baird restated a “neutral” rating and issued a $43.00 target price (down from $48.00) on shares of BRP in a research note on Friday. TD Securities reaffirmed a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Finally, Raymond James reiterated a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.25.

About BRP

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.