Intact Investment Management Inc. Buys Shares of 2,900 BRP Inc. (NASDAQ:DOOO)

Intact Investment Management Inc. purchased a new stake in shares of BRP Inc. (NASDAQ:DOOO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,900 shares of the company’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock valued at $7,270,000 after acquiring an additional 16,379 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of BRP by 17.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock valued at $24,159,000 after acquiring an additional 61,502 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock valued at $2,408,000 after acquiring an additional 14,500 shares in the last quarter. Van ECK Associates Corp raised its position in shares of BRP by 699.9% during the 4th quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock valued at $3,875,000 after acquiring an additional 66,627 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of BRP by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after acquiring an additional 15,892 shares in the last quarter.

Analysts Set New Price Targets

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

BRP Price Performance

Shares of DOOO opened at $38.51 on Friday. The company has a market cap of $2.81 billion, a P/E ratio of 20.48 and a beta of 2.03. The stock has a fifty day moving average price of $45.53 and a 200 day moving average price of $51.58. 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 Inc. has a 12 month low of $36.63 and a 12 month high of $75.59.

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.