De Lisle Partners LLP Takes $1.48 Million Position in BRP Inc. $DOO

De Lisle Partners LLP acquired a new stake in shares of BRP Inc. (NASDAQ:DOO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 21,019 shares of the company’s stock, valued at approximately $1,484,000.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of BRP during the 4th quarter valued at about $43,000. Quadrant Capital Group LLC acquired a new position in shares of BRP during the 4th quarter valued at about $89,000. PNC Financial Services Group Inc. acquired a new position in shares of BRP during the 4th quarter valued at about $142,000. Intact Investment Management Inc. acquired a new position in shares of BRP during the 4th quarter valued at about $156,000. Finally, Wells Fargo & Company MN acquired a new position in shares of BRP during the 4th quarter valued at about $227,000.

BRP Trading Up 2.0%

Shares of DOO stock opened at $60.28 on Friday. The stock has a 50 day moving average price of $60.22. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. BRP Inc. has a 12 month low of $46.23 and a 12 month high of $81.89. The company has a market cap of $4.45 billion, a P/E ratio of 22.75 and a beta of 0.89.

BRP Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 15th. 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. Wells Fargo & Company assumed coverage on BRP in a report on Wednesday, March 11th. They issued an “overweight” rating on the stock. Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Finally, Seaport Research Partners lowered BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BRP currently has an average rating of “Hold” and a consensus target price 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.