Public Employees Retirement System of Ohio Makes New Investment in BRP Inc. (NASDAQ:DOOO)

Public Employees Retirement System of Ohio bought a new position in shares of BRP Inc. (NASDAQ:DOOO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,996 shares of the company’s stock, valued at approximately $178,000.

Other large investors also recently made changes to their positions in the company. US Bancorp DE grew its holdings in BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after buying an additional 322 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in shares of BRP during the 3rd quarter worth approximately $72,000. DRW Securities LLC bought a new position in shares of BRP during the third quarter worth approximately $161,000. Lake Street Advisors Group LLC bought a new position in shares of BRP during the second quarter worth approximately $201,000. Finally, Intech Investment Management LLC bought a new stake in shares of BRP in the second quarter valued at approximately $209,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Scotiabank cut shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, September 9th. Citigroup decreased their target price on shares of BRP from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, UBS Group cut their price target on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, BRP presently has a consensus rating of “Hold” and a consensus target price of $97.00.

BRP Price Performance

DOOO stock opened at $52.59 on Friday. BRP Inc. has a 1 year low of $46.85 and a 1 year high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.37. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 27.97 and a beta of 2.03. The company has a 50 day simple moving average of $50.85 and a 200 day simple moving average of $60.02.

BRP Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.1485 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, December 31st. BRP’s payout ratio is 32.98%.

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.