Tower Research Capital LLC TRC Has $30,000 Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Tower Research Capital LLC TRC lessened its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 78.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590 shares of the company’s stock after selling 2,098 shares during the period. Tower Research Capital LLC TRC’s holdings in BRP were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital World Investors raised its holdings in BRP by 101.2% during the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock worth $100,386,000 after acquiring an additional 991,392 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BRP by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,554 shares of the company’s stock worth $8,727,000 after acquiring an additional 24,171 shares during the last quarter. Dnca Finance grew its holdings in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after buying an additional 369 shares in the last quarter. Canada Pension Plan Investment Board increased its position in BRP by 45.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 98,846 shares of the company’s stock worth $5,028,000 after acquiring an additional 30,674 shares during the period. Finally, Ceredex Value Advisors LLC boosted its stake in shares of BRP by 24.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 275,284 shares of the company’s stock valued at $14,004,000 after buying an additional 53,600 shares during the period.

BRP Price Performance

DOOO opened at $36.76 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of 19.55 and a beta of 1.17. BRP Inc. has a 52-week low of $31.78 and a 52-week high of $74.00. The business has a fifty day moving average of $35.65 and a 200 day moving average of $43.82. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data 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. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, sell-side 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 was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a $0.1508 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from BRP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. BRP’s dividend payout ratio (DPR) is presently -29.21%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DOOO. Baird R W lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Raymond James reaffirmed a “strong-buy” rating on shares of BRP in a report on Thursday, March 27th. UBS Group dropped their target price on shares of BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. TD Securities reaffirmed a “hold” rating on shares of BRP in a research report on Thursday, March 27th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.75.

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.