33,720 Shares in BRP Inc. $DOOO Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of BRP Inc. (NASDAQ:DOOO) during the third quarter, HoldingsChannel reports. The fund acquired 33,720 shares of the company’s stock, valued at approximately $2,050,000.

Other institutional investors have also added to or reduced their stakes in the company. Forge First Asset Management Inc. bought a new stake in shares of BRP during the 3rd quarter valued at about $8,188,000. Montrusco Bolton Investments Inc. lifted its holdings in BRP by 38.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 318,118 shares of the company’s stock worth $19,347,000 after buying an additional 88,168 shares during the period. K.J. Harrison & Partners Inc bought a new stake in BRP during the 3rd quarter valued at approximately $1,336,000. TD Asset Management Inc grew its holdings in shares of BRP by 46.3% during the 3rd quarter. TD Asset Management Inc now owns 186,800 shares of the company’s stock worth $11,361,000 after acquiring an additional 59,156 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of BRP by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock worth $83,437,000 after acquiring an additional 102,269 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOOO. Desjardins reaffirmed a “buy” rating on shares of BRP in a research note on Friday, December 5th. Weiss Ratings upgraded shares of BRP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 8th. Royal Bank Of Canada increased their price target on shares of BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, Citigroup restated a “buy” rating on shares of BRP in a report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $70.28 on Thursday. The business has a fifty day moving average price of $76.29 and a 200-day moving average price of $69.47. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. The company has a market capitalization of $5.13 billion, a PE ratio of 189.95 and a beta of 1.26. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $78.07.

BRP (NASDAQ:DOOO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a net margin of 0.45% and a return on equity of 67.30%. The company’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.