Vestcor Inc Acquires 9,698 Shares of BRP Inc. (NASDAQ:DOOO)

Vestcor Inc lifted its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 285.9% during the 4th quarter, Holdings Channel reports. The firm owned 13,090 shares of the company’s stock after purchasing an additional 9,698 shares during the period. Vestcor Inc’s holdings in BRP were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DOOO. US Bancorp DE increased its holdings in shares of BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares during the period. CIBC Asset Management Inc increased its holdings in shares of BRP by 154.5% during the third quarter. CIBC Asset Management Inc now owns 116,659 shares of the company’s stock worth $7,347,000 after purchasing an additional 70,819 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BRP by 17.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock worth $24,159,000 after purchasing an additional 61,502 shares during the period. Intech Investment Management LLC increased its holdings in shares of BRP by 706.1% during the third quarter. Intech Investment Management LLC now owns 26,318 shares of the company’s stock worth $1,568,000 after purchasing an additional 23,053 shares during the period. Finally, DRW Securities LLC bought a new position in shares of BRP during the third quarter worth approximately $161,000.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of BRP from a “buy” rating to a “neutral” rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BRP currently has a consensus rating of “Hold” and a consensus price target of $97.00.

BRP Stock Performance

Shares of NASDAQ:DOOO opened at $38.51 on Monday. The company’s 50 day simple moving average is $45.53 and its 200 day simple moving average is $51.45. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.48 and a beta of 2.03. BRP Inc. has a 1 year low of $36.63 and a 1 year high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.