Charles Schwab Investment Management Inc. Has $5.05 Million Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Charles Schwab Investment Management Inc. grew its position in shares of BRP Inc. (NASDAQ:DOOO) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,154 shares of the company’s stock after acquiring an additional 3,351 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BRP were worth $5,047,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in BRP by 41.5% in the 3rd quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after buying an additional 214,626 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of BRP by 13.9% in 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 during the last quarter. Van ECK Associates Corp raised its holdings in BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock worth $3,875,000 after acquiring an additional 66,627 shares in the last quarter. Intech Investment Management LLC boosted its position in BRP by 706.1% during the third quarter. Intech Investment Management LLC now owns 26,318 shares of the company’s stock valued at $1,568,000 after purchasing an additional 23,053 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock worth $7,270,000 after purchasing an additional 16,379 shares during the last quarter.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $48.00 to $29.00 in a report on Thursday, March 20th. One equities research 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. According to MarketBeat.com, BRP has a consensus rating of “Hold” and an average price target of $87.80.

BRP Price Performance

BRP stock opened at $35.54 on Wednesday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.90 and a beta of 2.03. BRP Inc. has a 52-week low of $35.54 and a 52-week high of $75.59. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock’s 50 day moving average price is $43.56 and its two-hundred day moving average price is $49.91.

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.