Capital World Investors Buys Shares of 2,245,332 BRP Inc. $DOO

Capital World Investors bought a new stake in BRP Inc. (NASDAQ:DOO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,245,332 shares of the company’s stock, valued at approximately $158,763,000.

Several other large investors also recently bought and sold shares of DOO. Signaturefd LLC acquired a new stake in BRP in the fourth quarter valued at $43,000. PNC Financial Services Group Inc. acquired a new stake in BRP in the fourth quarter valued at $142,000. Intact Investment Management Inc. acquired a new stake in BRP in the fourth quarter valued at $156,000. Annex Advisory Services LLC acquired a new stake in BRP in the fourth quarter valued at $279,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in BRP in the fourth quarter valued at $284,000.

BRP Trading Down 0.2%

NASDAQ DOO opened at $60.56 on Tuesday. BRP Inc. has a twelve month low of $46.23 and a twelve month high of $81.89. The stock’s 50-day simple moving average is $61.05. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. The stock has a market capitalization of $4.47 billion, a P/E ratio of 22.85 and a beta of 0.89.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th. BRP’s dividend payout ratio (DPR) is currently 27.17%.

Analyst Ratings Changes

Several research firms have weighed in on DOO. Zacks Research lowered BRP from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Citigroup lowered their target price on BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a report on Friday, May 29th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.