BRP Inc. $DOOO Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in shares of BRP Inc. (NASDAQ:DOOO) by 31.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 52,545 shares of the company’s stock after purchasing an additional 12,666 shares during the quarter. Allianz Asset Management GmbH owned 0.07% of BRP worth $3,196,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DOOO. Osaic Holdings Inc. boosted its stake in BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in shares of BRP during the 2nd quarter valued at about $41,000. Raymond James Financial Inc. acquired a new position in shares of BRP in the 2nd quarter worth approximately $60,000. Acadian Asset Management LLC bought a new stake in shares of BRP in the 1st quarter worth approximately $70,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of BRP in the 1st quarter worth approximately $207,000.

Analyst Ratings Changes

Several research firms have issued reports on DOOO. TD Securities restated a “buy” rating on shares of BRP in a research report on Thursday, December 4th. Weiss Ratings upgraded BRP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a research report on Friday, December 5th. Loop Capital initiated coverage on BRP in a research report on Thursday, November 13th. They issued a “buy” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of BRP in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, BRP currently has an average rating of “Moderate Buy” and an average price target of $84.40.

BRP Stock Performance

DOOO stock opened at $78.87 on Thursday. The firm has a 50 day simple moving average of $75.56 and a 200 day simple moving average of $66.85. BRP Inc. has a 52 week low of $31.78 and a 52 week high of $78.07. The stock has a market cap of $5.76 billion, a P/E ratio of 213.16 and a beta of 1.26. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

BRP (NASDAQ:DOOO) last released its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. The company’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. Research analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, December 31st. BRP’s payout ratio is currently 164.86%.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.