1832 Asset Management L.P. Raises Stock Holdings in BRP Inc. $DOOO

1832 Asset Management L.P. raised its position in BRP Inc. (NASDAQ:DOOO) by 21.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,005 shares of the company’s stock after purchasing an additional 14,660 shares during the period. 1832 Asset Management L.P. owned about 0.12% of BRP worth $4,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in BRP by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock valued at $3,685,000 after buying an additional 10,004 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in BRP by 31.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock valued at $2,193,000 after purchasing an additional 15,447 shares during the period. National Bank of Canada FI grew its holdings in BRP by 20.0% in the first quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock valued at $16,731,000 after purchasing an additional 82,723 shares during the period. Invesco Ltd. increased its position in BRP by 6.2% during the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company’s stock worth $41,749,000 after purchasing an additional 71,544 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in BRP during the first quarter worth approximately $451,000.

BRP Stock Up 1.8%

Shares of NASDAQ:DOOO opened at $76.66 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of 207.19 and a beta of 1.26. The company has a fifty day simple moving average of $65.87 and a 200 day simple moving average of $57.11. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $78.07.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 74.63%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. BRP’s revenue for the quarter was up 14.0% compared to the same quarter last year. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. On average, equities research analysts anticipate that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st. BRP’s dividend payout ratio is currently -258.33%.

Wall Street Analysts Forecast Growth

DOOO has been the subject of several research reports. Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group lifted their target price on BRP from $35.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, September 5th. Royal Bank Of Canada upped their price target on BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday. Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Scotiabank reiterated a “sector perform” rating on shares of BRP in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

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.