Capital World Investors Purchases 100,000 Shares of BRP Inc. $DOOO

Capital World Investors increased its holdings in BRP Inc. (NASDAQ:DOOO) by 4.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,323,013 shares of the company’s stock after buying an additional 100,000 shares during the period. Capital World Investors’ holdings in BRP were worth $141,247,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in BRP by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 2,847,424 shares of the company’s stock worth $138,302,000 after acquiring an additional 962,696 shares during the last quarter. QV Investors Inc. purchased a new position in shares of BRP during the third quarter worth about $29,351,000. Goldman Sachs Group Inc. grew its holdings in shares of BRP by 144.4% during the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after purchasing an additional 427,434 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of BRP in the third quarter worth approximately $19,643,000. Finally, American Century Companies Inc. raised its stake in BRP by 1,141.4% in the third quarter. American Century Companies Inc. now owns 234,444 shares of the company’s stock valued at $14,255,000 after purchasing an additional 215,558 shares in the last quarter.

Analyst Upgrades and Downgrades

DOOO has been the subject of several research analyst reports. Citigroup reiterated a “buy” rating on shares of BRP in a research report on Wednesday, January 14th. National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a report on Friday, December 5th. Loop Capital started coverage on BRP in a research note on Thursday, November 13th. They issued a “buy” rating on the stock. Finally, Weiss Ratings upgraded BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.40.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $65.91 on Thursday. The stock has a market cap of $4.81 billion, a PE ratio of 178.14 and a beta of 1.26. The company’s fifty day moving average is $75.84 and its 200 day moving average is $69.83. BRP Inc. has a 52 week low of $31.78 and a 52 week high of $78.07. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31.

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.