Mitsubishi UFJ Trust & Banking Corp Has $85,000 Stock Position in BRP Inc. $DOO

Mitsubishi UFJ Trust & Banking Corp decreased its stake in BRP Inc. (NASDAQ:DOO) by 90.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company’s stock after selling 13,800 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in BRP were worth $85,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DOO. Mackenzie Financial Corp acquired a new position in BRP during the fourth quarter worth $207,651,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of BRP in the 4th quarter valued at $169,341,000. Capital World Investors bought a new stake in shares of BRP in the 4th quarter worth about $158,763,000. FIL Ltd bought a new stake in shares of BRP in the 4th quarter worth about $123,110,000. Finally, Vanguard Group Inc. acquired a new stake in shares of BRP during the 4th quarter worth about $98,153,000.

BRP Trading Down 0.4%

Shares of NASDAQ:DOO opened at $64.51 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 24.34 and a beta of 0.88. BRP Inc. has a 12 month low of $48.83 and a 12 month high of $81.89. The company’s fifty day simple moving average is $60.99 and its 200 day simple moving average is $64.70. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41.

BRP Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Securities reissued a “hold” rating on shares of BRP in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BRP in a report on Thursday, July 2nd. Zacks Research raised shares of BRP from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.00.

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.