TD Asset Management Inc Increases Stock Holdings in BRP Inc. $DOO

TD Asset Management Inc lifted its position in shares of BRP Inc. (NASDAQ:DOO) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,711 shares of the company’s stock after buying an additional 8,239 shares during the quarter. TD Asset Management Inc owned approximately 0.32% of BRP worth $14,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in BRP in the 4th quarter valued at about $207,651,000. Price T Rowe Associates Inc. MD purchased a new position in BRP during the 4th quarter valued at about $169,341,000. Capital World Investors acquired a new position in BRP during the fourth quarter worth about $158,763,000. FIL Ltd acquired a new position in BRP during the fourth quarter worth about $123,110,000. Finally, Vanguard Group Inc. purchased a new stake in shares of BRP in the fourth quarter valued at about $98,153,000.

Wall Street Analyst Weigh In

DOO has been the topic of several research reports. Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Citigroup reduced their target price on BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. UBS Group lowered their target price on BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, Zacks Research raised BRP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.00.

BRP Price Performance

DOO opened at $64.51 on Friday. BRP Inc. has a 1 year low of $48.83 and a 1 year high of $81.89. The company’s 50 day simple moving average is $60.99 and its 200 day simple moving average is $64.70. The stock has a market capitalization of $4.73 billion, a PE ratio of 24.34 and a beta of 0.88. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 30th. BRP’s dividend payout ratio (DPR) is 26.42%.

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.