Bessemer Group Inc. Sells 1,400 Shares of BRP Inc. (NASDAQ:DOOO)

Bessemer Group Inc. lowered its position in BRP Inc. (NASDAQ:DOOO) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the company’s stock after selling 1,400 shares during the period. Bessemer Group Inc.’s holdings in BRP were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of DOOO. FIL Ltd lifted its stake in shares of BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company’s stock worth $40,337,000 after acquiring an additional 505,228 shares during the last quarter. Norges Bank bought a new stake in shares of BRP during the fourth quarter worth $15,259,000. Franklin Resources Inc. lifted its position in shares of BRP by 41.5% during the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock worth $43,461,000 after purchasing an additional 214,626 shares during the last quarter. Invesco Ltd. boosted its stake in shares of BRP by 18.1% during the fourth quarter. Invesco Ltd. now owns 1,163,257 shares of the company’s stock valued at $59,175,000 after purchasing an additional 178,039 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of BRP in the fourth quarter worth about $6,839,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James reissued a “strong-buy” rating on shares of BRP in a research report on Thursday, March 27th. Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Citigroup raised BRP from a “sell” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $37.00 in a research report on Friday, April 4th. TD Securities restated a “hold” rating on shares of BRP in a research note on Thursday, March 27th. Finally, Baird R W cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.25.

BRP Stock Down 2.3 %

NASDAQ:DOOO opened at $32.44 on Friday. 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 stock has a market capitalization of $2.37 billion, a P/E ratio of 17.26 and a beta of 1.71. The company’s 50-day simple moving average is $38.23 and its 200-day simple moving average is $46.81. BRP Inc. has a fifty-two week low of $32.24 and a fifty-two week high of $74.00.

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

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.1508 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. This is an increase from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio is -29.21%.

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.