Dimensional Fund Advisors LP Increases Holdings in BRP Inc. $DOO

Dimensional Fund Advisors LP raised its stake in BRP Inc. (NASDAQ:DOO) by 11.2% during the 1st quarter, HoldingsChannel reports. The firm owned 206,229 shares of the company’s stock after acquiring an additional 20,786 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BRP were worth $14,805,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of BRP in the fourth quarter worth about $207,651,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of BRP during the 4th quarter valued at about $169,341,000. Capital World Investors purchased a new stake in shares of BRP during the 4th quarter valued at about $158,763,000. FIL Ltd acquired a new position in BRP during the 4th quarter worth approximately $123,110,000. Finally, Vanguard Group Inc. acquired a new position in BRP during the 4th quarter worth approximately $98,153,000.

BRP Trading Up 1.8%

Shares of DOO opened at $65.01 on Friday. BRP Inc. has a one year low of $48.83 and a one year high of $81.89. The stock has a 50-day moving average price of $60.63 and a 200 day moving average price of $65.20. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30. The company has a market capitalization of $4.77 billion, a P/E ratio of 24.53 and a beta of 0.88.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 30th. BRP’s dividend payout ratio is presently 26.42%.

Analyst Ratings Changes

DOO has been the subject of several recent research reports. UBS Group lowered their price objective on shares of BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Zacks Research raised shares of BRP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Canaccord Genuity Group lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, BRP presently has a consensus rating of “Hold” and an average price target of $83.00.

BRP Company Profile

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.