BRP Inc. (NASDAQ:DOOO) Shares Bought by Pembroke Management LTD

Pembroke Management LTD boosted its stake in shares of BRP Inc. (NASDAQ:DOOO – Get Rating) by 14.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 324,120 shares of the company’s stock after acquiring an additional 39,919 shares during the period. BRP comprises about 3.6% of Pembroke Management LTD’s holdings, making the stock its 3rd biggest holding. Pembroke Management LTD owned 0.41% of BRP worth $33,459,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Grayhawk Investment Strategies Inc. acquired a new stake in shares of BRP in the second quarter valued at about $67,000. Power Corp of Canada acquired a new stake in shares of BRP in the first quarter valued at about $69,000. Ensign Peak Advisors Inc acquired a new stake in shares of BRP in the third quarter valued at about $93,000. BNP Paribas Arbitrage SA acquired a new stake in shares of BRP in the second quarter valued at about $94,000. Finally, Barclays PLC raised its position in shares of BRP by 40.7% in the third quarter. Barclays PLC now owns 1,664 shares of the company’s stock valued at $102,000 after buying an additional 481 shares during the last quarter. 27.61% of the stock is currently owned by institutional investors and hedge funds.

BRP Trading Down 4.9 %

DOOO stock traded down $3.92 during mid-day trading on Friday, hitting $76.49. 67,614 shares of the company were exchanged, compared to its average volume of 39,949. The business has a fifty day simple moving average of $83.95 and a 200-day simple moving average of $74.59. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 13.43. BRP Inc. has a 12-month low of $58.71 and a 12-month high of $90.42. The firm has a market capitalization of $6.02 billion, a P/E ratio of 11.37 and a beta of 2.29.

Analysts Set New Price Targets

DOOO has been the subject of a number of recent research reports. National Bank Financial increased their target price on shares of BRP from C$130.00 to C$139.00 in a research report on Thursday, March 2nd. Desjardins raised their price objective on shares of BRP from C$155.00 to C$156.00 in a research report on Thursday, December 1st. Citigroup began coverage on shares of BRP in a research report on Monday, January 30th. They set a “neutral” rating and a $92.00 price objective for the company. Finally, Scotiabank initiated coverage on shares of BRP in a research report on Friday, February 17th. They set a “sector outperform” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BRP currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.20.

About BRP

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BRP, Inc is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines.