Systematic Financial Management LP Lowers Holdings in BRP Inc. $DOO

Systematic Financial Management LP decreased its position in BRP Inc. (NASDAQ:DOO) by 3.6% during the first quarter, HoldingsChannel.com reports. The firm owned 240,855 shares of the company’s stock after selling 8,886 shares during the quarter. Systematic Financial Management LP’s holdings in BRP were worth $17,296,000 as of its most recent SEC filing.

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

BRP Trading Up 0.3%

NASDAQ:DOO opened at $60.34 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. BRP Inc. has a 12 month low of $48.67 and a 12 month high of $81.89. The company has a market cap of $4.43 billion, a PE ratio of 22.77 and a beta of 0.89. The company has a 50 day simple moving average of $59.26 and a two-hundred day simple moving average of $65.99.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BRP’s dividend payout ratio (DPR) is 26.42%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DOO. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a report on Friday, May 29th. Seaport Research Partners cut BRP from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 15th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Finally, TD Cowen lowered BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.