TD Asset Management Inc Purchases Shares of 246,198 BRP Inc. $DOO

TD Asset Management Inc purchased a new stake in BRP Inc. (NASDAQ:DOO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 246,198 shares of the company’s stock, valued at approximately $17,431,000. TD Asset Management Inc owned approximately 0.34% of BRP as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new position in BRP in the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. acquired a new position in BRP in the 4th quarter valued at approximately $142,000. Intact Investment Management Inc. acquired a new position in BRP in the 4th quarter valued at approximately $156,000. DekaBank Deutsche Girozentrale acquired a new position in BRP in the 4th quarter valued at approximately $284,000. Finally, Annex Advisory Services LLC acquired a new position in BRP in the 4th quarter valued at approximately $279,000.

Analyst Ratings Changes

DOO has been the subject of several recent research reports. Citigroup cut their price target on BRP from $75.00 to $74.00 and set a “buy” rating for the company in a report on Friday, May 29th. TD Cowen cut BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BRP in a report on Friday, May 29th. TD Securities reissued a “hold” rating on shares of BRP in a report on Friday, May 29th. Finally, Seaport Research Partners cut BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average target price of $83.00.

BRP Trading Down 0.2%

Shares of DOO opened at $60.56 on Tuesday. BRP Inc. has a 1 year low of $46.23 and a 1 year high of $81.89. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30. The stock has a 50 day moving average of $61.05. The firm has a market cap of $4.47 billion, a PE ratio of 22.85 and a beta of 0.89.

BRP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. BRP’s dividend payout ratio is presently 27.17%.

About BRP

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.