TD Asset Management Inc Purchases New Shares in BRP Inc. $DOO

TD Asset Management Inc purchased a new stake in shares of BRP Inc. (NASDAQ:DOO) in the fourth quarter, Holdings Channel.com reports. The fund purchased 246,198 shares of the company’s stock, valued at approximately $17,431,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOO. QV Investors Inc. acquired a new stake in BRP during the 4th quarter valued at $31,701,000. Signaturefd LLC acquired a new stake in BRP during the 4th quarter valued at $43,000. Addenda Capital Inc. acquired a new stake in BRP during the 4th quarter valued at $1,170,000. Annex Advisory Services LLC acquired a new stake in BRP during the 4th quarter valued at $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BRP during the 4th quarter valued at $751,000.

BRP Stock Performance

Shares of DOO opened at $60.56 on Tuesday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 22.85 and a beta of 0.89. 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 company has a fifty day moving average price of $61.05. BRP Inc. has a 52 week low of $46.23 and a 52 week high of $81.89.

BRP Announces Dividend

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

Wall Street Analysts Forecast Growth

DOO has been the subject of a number of recent analyst reports. Wall Street Zen cut BRP from a “buy” rating to a “hold” rating in a report on Saturday. Seaport Research Partners lowered BRP from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 15th. TD Securities reiterated a “hold” rating on shares of BRP in a research report on Friday, May 29th. UBS Group decreased their price objective on BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Zacks Research lowered BRP from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.00.

BRP 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.