Allianz Asset Management GmbH Takes $1.93 Million Position in BRP Inc. $DOOO

Allianz Asset Management GmbH acquired a new stake in BRP Inc. (NASDAQ:DOOO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,879 shares of the company’s stock, valued at approximately $1,932,000. Allianz Asset Management GmbH owned 0.05% of BRP at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC bought a new position in BRP during the first quarter worth about $70,000. State of Wyoming bought a new position in BRP during the first quarter worth about $93,000. Russell Investments Group Ltd. increased its position in BRP by 75.3% during the first quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company’s stock worth $129,000 after acquiring an additional 1,641 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in BRP during the first quarter worth about $207,000. Finally, Aigen Investment Management LP bought a new position in BRP during the first quarter worth about $451,000.

BRP Trading Up 1.0%

DOOO opened at $67.26 on Friday. The company’s 50 day moving average is $63.38 and its 200-day moving average is $50.67. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $68.45. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The company has a market cap of $4.91 billion, a P/E ratio of -280.25 and a beta of 1.19.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Equities research analysts predict that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. This is an increase from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio is -262.50%.

Analyst Ratings Changes

A number of equities analysts recently commented on DOOO shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRP in a research report on Friday. TD Securities reiterated a “buy” rating on shares of BRP in a research note on Tuesday, September 2nd. Citigroup upgraded shares of BRP from a “neutral” rating to a “buy” rating and boosted their target price for the company from $68.00 to $73.00 in a research report on Wednesday, October 1st. CIBC raised shares of BRP from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, September 2nd. Finally, National Bankshares set a $105.00 price target on shares of BRP and gave the stock a “sector perform” rating in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.60.

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.