Sei Investments Co. Has $7.37 Million Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Sei Investments Co. boosted its position in shares of BRP Inc. (NASDAQ:DOOO) by 50.1% during the 4th quarter, HoldingsChannel reports. The fund owned 144,862 shares of the company’s stock after buying an additional 48,330 shares during the quarter. Sei Investments Co.’s holdings in BRP were worth $7,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its holdings 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 purchasing an additional 337 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in BRP by 115.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company’s stock valued at $1,124,000 after buying an additional 10,106 shares in the last quarter. Systematic Financial Management LP grew its position in BRP by 3.0% in the third quarter. Systematic Financial Management LP now owns 192,084 shares of the company’s stock valued at $11,437,000 after acquiring an additional 5,562 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BRP during the third quarter worth $178,000. Finally, Geode Capital Management LLC lifted its holdings in shares of BRP by 8.3% during the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after acquiring an additional 15,892 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “sell” rating and set a $27.00 price objective (down previously from $29.00) on shares of BRP in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BRP currently has a consensus rating of “Hold” and an average target price of $87.40.

BRP Stock Performance

NASDAQ DOOO opened at $33.81 on Tuesday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 17.98 and a beta of 2.03. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The firm’s fifty day moving average price is $42.17 and its two-hundred day moving average price is $49.21. BRP Inc. has a 1 year low of $33.05 and a 1 year high of $75.59.

BRP (NASDAQ:DOOO) last issued its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, research analysts anticipate that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.1508 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, April 4th. This is a boost from BRP’s previous quarterly dividend of $0.15. BRP’s payout ratio is currently -29.21%.

BRP 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.