53,971 Shares in BRP Inc. $DOO Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of BRP Inc. (NASDAQ:DOO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,971 shares of the company’s stock, valued at approximately $3,819,000. Landscape Capital Management L.L.C. owned about 0.07% of BRP as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in BRP during the fourth quarter worth approximately $30,000. Signaturefd LLC purchased a new stake in BRP during the fourth quarter worth approximately $43,000. Quadrant Capital Group LLC purchased a new stake in BRP during the fourth quarter worth approximately $89,000. PNC Financial Services Group Inc. purchased a new stake in BRP in the fourth quarter valued at approximately $142,000. Finally, Intact Investment Management Inc. purchased a new stake in BRP in the fourth quarter valued at approximately $156,000.

BRP Price Performance

BRP stock opened at $60.28 on Monday. BRP Inc. has a 12 month low of $46.23 and a 12 month high of $81.89. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.30 and a quick ratio of 0.61. The business’s 50 day moving average is $60.22. The stock has a market capitalization of $4.45 billion, a PE ratio of 22.75 and a beta of 0.89.

BRP Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group reduced their price objective on BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Wells Fargo & Company assumed coverage on BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating for the company. TD Securities reiterated a “hold” rating on shares of BRP in a research note on Friday, May 29th. Seaport Research Partners cut BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial cut BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $83.00.

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.