Mitsubishi UFJ Trust & Banking Corp Acquires New Position in BRP Inc. $DOOO

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BRP Inc. (NASDAQ:DOOO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,300 shares of the company’s stock, valued at approximately $687,000.

Several other large investors have also recently modified their holdings of the business. Osaic Holdings Inc. lifted its stake in shares of 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 buying an additional 625 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in BRP during the 2nd quarter valued at $41,000. Raymond James Financial Inc. purchased a new stake in shares of BRP during the second quarter worth $60,000. Acadian Asset Management LLC purchased a new stake in shares of BRP during the first quarter worth $70,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BRP in the first quarter worth $207,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOOO. TD Securities reissued a “buy” rating on shares of BRP in a report on Thursday, December 4th. Citigroup reissued a “buy” rating on shares of BRP in a report on Wednesday, January 14th. Loop Capital assumed coverage on shares of BRP in a report on Thursday, November 13th. They issued a “buy” rating on the stock. Royal Bank Of Canada lifted their price objective on BRP from $107.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, BRP presently has a consensus rating of “Moderate Buy” and an average target price of $84.40.

BRP Stock Down 3.5%

Shares of NASDAQ:DOOO opened at $75.37 on Friday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 203.70 and a beta of 1.26. The stock’s 50-day moving average price is $74.12 and its 200-day moving average price is $65.25. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. BRP Inc. has a 12-month low of $31.78 and a 12-month high of $78.07.

BRP (NASDAQ:DOOO) last issued its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.27. BRP had a return on equity of 67.30% and a net margin of 0.45%.The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The firm’s quarterly 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, equities analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Announces Dividend

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