Avior Wealth Management LLC Lowers Stock Holdings in BRP Inc. (NASDAQ:DOOO)

Avior Wealth Management LLC reduced its stake in BRP Inc. (NASDAQ:DOOO) by 22.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,574 shares of the company’s stock after selling 1,034 shares during the period. Avior Wealth Management LLC’s holdings in BRP were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of DOOO. PNC Financial Services Group Inc. grew its stake in shares of BRP by 11.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $462,000 after purchasing an additional 560 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of BRP by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,914 shares of the company’s stock valued at $1,056,000 after buying an additional 583 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of BRP by 8.2% in the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock valued at $216,000 after buying an additional 200 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of BRP by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company’s stock valued at $98,202,000 after buying an additional 30,978 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of BRP in the first quarter valued at approximately $425,000.

BRP Stock Up 1.9 %

DOOO opened at $69.38 on Friday. The business’s fifty day moving average is $66.80 and its two-hundred day moving average is $68.37. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 9.88 and a beta of 2.12. BRP Inc. has a one year low of $57.15 and a one year high of $92.74.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.1545 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.62 dividend on an annualized basis and a yield of 0.89%. BRP’s payout ratio is 8.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOOO. TheStreet downgraded BRP from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Raymond James decreased their price target on BRP from $114.00 to $108.00 and set a “strong-buy” rating on the stock in a research note on Monday, April 1st. CIBC lifted their price target on BRP from $106.00 to $110.00 and gave the company an “outperformer” rating in a research note on Monday, April 1st. Finally, Desjardins lifted their price target on BRP from $112.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.78.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.