UBS Group AG Makes New Investment in BRP Inc. $DOO

UBS Group AG bought a new position in BRP Inc. (NASDAQ:DOO) in the fourth quarter, HoldingsChannel reports. The fund bought 87,936 shares of the company’s stock, valued at approximately $6,222,000.

A number of other hedge funds have also bought and sold shares of DOO. QV Investors Inc. purchased a new position in BRP in the 4th quarter worth about $31,701,000. Signaturefd LLC purchased a new position in BRP in the 4th quarter worth about $43,000. Addenda Capital Inc. purchased a new position in BRP in the 4th quarter worth about $1,170,000. Annex Advisory Services LLC purchased a new position in BRP in the 4th quarter worth about $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BRP in the 4th quarter worth about $751,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DOO. Citigroup decreased their target price on BRP from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Royal Bank Of Canada decreased their target price on BRP from $124.00 to $107.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wells Fargo & Company started coverage on shares of BRP in a research report on Wednesday, March 11th. They set an “overweight” rating for the company. Finally, Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.67.

BRP Stock Down 2.1%

NASDAQ DOO opened at $54.17 on Wednesday. BRP Inc. has a 52 week low of $35.02 and a 52 week high of $81.89. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 18.62 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The company’s 50-day simple moving average is $62.72.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.8%. This is a positive change from BRP’s previous quarterly dividend of $0.07. BRP’s payout ratio is currently 24.74%.

BRP Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.