Aviso Financial Inc. Acquires 9,296 Shares of BRP Inc. $DOOO

Aviso Financial Inc. grew its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 44.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,319 shares of the company’s stock after purchasing an additional 9,296 shares during the period. Aviso Financial Inc.’s holdings in BRP were worth $1,471,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DOOO. Geode Capital Management LLC grew its position in BRP by 1.9% during the second quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock worth $2,463,000 after buying an additional 955 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in BRP by 9.0% in the second quarter. Public Employees Retirement System of Ohio now owns 15,306 shares of the company’s stock valued at $742,000 after buying an additional 1,265 shares in the last quarter. Russell Investments Group Ltd. increased its position in BRP by 75.3% during the 1st quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company’s stock worth $129,000 after purchasing an additional 1,641 shares in the last quarter. Acadian Asset Management LLC bought a new position in BRP in the 1st quarter valued at approximately $70,000. Finally, State of Wyoming acquired a new stake in BRP in the first quarter valued at approximately $93,000.

BRP Stock Performance

NASDAQ:DOOO opened at $69.70 on Wednesday. The company has a market capitalization of $5.09 billion, a PE ratio of -290.42 and a beta of 1.21. The company has a 50 day simple moving average of $64.32 and a two-hundred day simple moving average of $55.47. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. BRP Inc. has a fifty-two week low of $31.78 and a fifty-two week high of $70.16.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 firm 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. Research analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.16. This represents a $0.86 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th. BRP’s payout ratio is -258.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOOO. Canaccord Genuity Group upgraded shares of BRP from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Royal Bank Of Canada upped their target price on BRP from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Finally, CIBC raised BRP from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.60.

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.