Systematic Financial Management LP Invests $17.67 Million in BRP Inc. $DOO

Systematic Financial Management LP bought a new position in shares of BRP Inc. (NASDAQ:DOO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 249,741 shares of the company’s stock, valued at approximately $17,672,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of BRP during the fourth quarter worth approximately $98,153,000. QV Investors Inc. bought a new position in shares of BRP during the fourth quarter worth approximately $31,701,000. Montrusco Bolton Investments Inc. bought a new position in shares of BRP during the fourth quarter worth approximately $19,070,000. UBS Group AG bought a new position in shares of BRP during the fourth quarter worth approximately $6,222,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of BRP during the fourth quarter worth approximately $5,551,000.

Wall Street Analyst Weigh In

DOO has been the topic of a number of recent research reports. Seaport Research Partners lowered BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Citigroup lowered their target price on BRP from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Finally, Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.67.

BRP Price Performance

Shares of NASDAQ:DOO opened at $55.38 on Friday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 19.03 and a beta of 0.90. BRP Inc. has a 1 year low of $35.02 and a 1 year high of $81.89. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The business’s 50 day moving average is $62.07.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were given a dividend of $0.25 per share. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s dividend payout ratio (DPR) is currently 24.40%.

About BRP

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.