Systematic Financial Management LP Purchases 5,562 Shares of BRP Inc. (NASDAQ:DOOO)

Systematic Financial Management LP boosted its stake in BRP Inc. (NASDAQ:DOOO) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,084 shares of the company’s stock after acquiring an additional 5,562 shares during the period. Systematic Financial Management LP’s holdings in BRP were worth $11,437,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Hantz Financial Services Inc. increased its stake in shares of BRP by 115.1% in the third quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company’s stock worth $1,124,000 after purchasing an additional 10,106 shares in the last quarter. De Lisle Partners LLP grew its stake in BRP by 10.8% during the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock valued at $1,643,000 after acquiring an additional 2,697 shares in the last quarter. Quantbot Technologies LP grew its stake in BRP by 9.7% during the third quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after acquiring an additional 337 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in BRP by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock valued at $73,027,000 after acquiring an additional 150,039 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in BRP during the third quarter valued at approximately $161,000.

BRP Stock Up 0.1 %

NASDAQ:DOOO opened at $48.52 on Friday. BRP Inc. has a 1-year low of $46.85 and a 1-year high of $75.59. The company has a 50-day moving average of $52.41 and a 200 day moving average of $61.12. The firm has a market cap of $3.54 billion, a PE ratio of 20.13 and a beta of 2.03. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. As a group, research analysts anticipate that BRP Inc. will post 2.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on DOOO shares. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. UBS Group lowered their price target on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.