Systematic Financial Management LP boosted its stake in BRP Inc. (NASDAQ:DOOO – Free Report) 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.
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.
Read Our Latest Stock Analysis on BRP
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.
Featured Articles
- Five stocks we like better than BRP
- Russell 2000 Index, How Investors Use it For Profitable Trading
- NVIDIA’s Blackwell Chips Set for Arizona Manufacturing by TSMC?
- Why Are Stock Sectors Important to Successful Investing?
- Okta: Bullish Signals Suggest a Market Reversal Is Underway
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- BlackRock Makes Waves With $12B Private Credit Acquisition
Want to see what other hedge funds are holding DOOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRP Inc. (NASDAQ:DOOO – Free Report).
Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.