Achmea Investment Management B.V. Decreases Stock Position in BRP Inc. (NASDAQ:DOOO)

Achmea Investment Management B.V. lessened its stake in BRP Inc. (NASDAQ:DOOO) by 92.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,198 shares of the company’s stock after selling 26,526 shares during the quarter. Achmea Investment Management B.V.’s holdings in BRP were worth $112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vestcor Inc boosted its holdings in BRP by 285.9% in the 4th quarter. Vestcor Inc now owns 13,090 shares of the company’s stock worth $666,000 after acquiring an additional 9,698 shares during the period. Raymond James Financial Inc. acquired a new position in shares of BRP in the 4th quarter valued at approximately $916,000. Charles Schwab Investment Management Inc. raised its position in shares of BRP by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company’s stock valued at $5,047,000 after purchasing an additional 3,351 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of BRP by 44.2% in the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock valued at $2,408,000 after purchasing an additional 14,500 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of BRP by 14.0% in the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock valued at $7,270,000 after purchasing an additional 16,379 shares in the last quarter.

BRP Stock Performance

DOOO stock opened at $38.51 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The firm has a market cap of $2.81 billion, a P/E ratio of 20.48 and a beta of 2.03. BRP Inc. has a 12-month low of $36.63 and a 12-month high of $75.59. The stock’s 50 day simple moving average is $45.53 and its 200 day simple moving average is $51.58.

Analyst Ratings Changes

Separately, Citigroup lowered BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.00.

BRP 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.