Public Sector Pension Investment Board Takes Position in BRP Inc. $DOOO

Public Sector Pension Investment Board purchased a new position in shares of BRP Inc. (NASDAQ:DOOO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,608 shares of the company’s stock, valued at approximately $2,166,000.

A number of other large investors have also modified their holdings of DOOO. Osaic Holdings Inc. boosted its stake in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after purchasing an additional 625 shares during the period. Sagard Holdings Management Inc. bought a new stake in shares of BRP during the second quarter valued at approximately $41,000. Raymond James Financial Inc. acquired a new position in shares of BRP during the second quarter worth approximately $60,000. Acadian Asset Management LLC acquired a new position in shares of BRP during the first quarter worth approximately $70,000. Finally, Plato Investment Management Ltd bought a new position in BRP in the 3rd quarter worth approximately $134,000.

BRP Price Performance

NASDAQ DOOO opened at $81.64 on Monday. BRP Inc. has a 1 year low of $31.78 and a 1 year high of $78.07. The business’s fifty day moving average is $75.99 and its two-hundred day moving average is $68.35. The stock has a market capitalization of $5.96 billion, a P/E ratio of 220.65 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 issued 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 return on equity of 67.30% and a net margin of 0.45%.The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. BRP’s revenue 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, research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current fiscal year.

BRP Announces Dividend

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

Analysts Set New Price Targets

DOOO has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BRP in a research report on Friday, December 5th. Zacks Research cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada upped their price target on shares of BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Wall Street Zen raised BRP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.40.

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.