PCJ Investment Counsel Ltd. Acquires New Holdings in BRP Inc (DOOO)
PCJ Investment Counsel Ltd. acquired a new position in BRP Inc (NASDAQ:DOOO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 162,100 shares of the company’s stock, valued at approximately $7,598,000.
Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BRP in the third quarter valued at approximately $100,000. Shell Asset Management Co. acquired a new stake in shares of BRP during the third quarter worth approximately $177,000. Annex Advisory Services LLC acquired a new stake in shares of BRP during the third quarter worth approximately $272,000. CLARET ASSET MANAGEMENT Corp acquired a new stake in shares of BRP during the third quarter worth approximately $300,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BRP during the third quarter worth approximately $300,000. Hedge funds and other institutional investors own 28.61% of the company’s stock.
DOOO has been the subject of a number of recent analyst reports. Royal Bank of Canada raised shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. Canaccord Genuity reaffirmed a “buy” rating on shares of BRP in a report on Sunday. National Bank Financial reaffirmed a “buy” rating on shares of BRP in a report on Tuesday, November 27th. Zacks Investment Research downgraded shares of BRP from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, GMP Securities initiated coverage on shares of BRP in a report on Monday. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. BRP has an average rating of “Buy”.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be issued a $0.0679 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, December 27th.
TRADEMARK VIOLATION NOTICE: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/pcj-investment-counsel-ltd-acquires-new-holdings-in-brp-inc-dooo/2664870.html.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
Want to see what other hedge funds are holding DOOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BRP Inc (NASDAQ:DOOO).
Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.