BRP Inc. $DOOO Holdings Lifted by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its holdings in BRP Inc. (NASDAQ:DOOO) by 38.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 318,118 shares of the company’s stock after purchasing an additional 88,168 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in BRP were worth $19,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOOO. Aviso Financial Inc. raised its holdings in shares of BRP by 44.2% in the 2nd quarter. Aviso Financial Inc. now owns 30,319 shares of the company’s stock worth $1,471,000 after purchasing an additional 9,296 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in BRP in the third quarter worth approximately $4,113,000. 1832 Asset Management L.P. increased its holdings in shares of BRP by 21.1% in the second quarter. 1832 Asset Management L.P. now owns 84,005 shares of the company’s stock valued at $4,072,000 after buying an additional 14,660 shares in the last quarter. QV Investors Inc. acquired a new stake in shares of BRP during the 3rd quarter valued at $29,351,000. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of BRP during the 2nd quarter valued at $10,076,000.

BRP Stock Up 1.1%

BRP stock opened at $78.52 on Thursday. The firm’s 50 day moving average price is $76.16 and its two-hundred day moving average price is $68.82. The firm has a market cap of $5.74 billion, a PE ratio of 212.22 and a beta of 1.26. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $78.07. 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 posted its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. The firm’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, research analysts predict that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Loop Capital started coverage on BRP in a research report on Thursday, November 13th. They set a “buy” rating on the stock. Desjardins restated a “buy” rating on shares of BRP in a report on Friday, December 5th. Zacks Research cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, TD Securities restated a “buy” rating on shares of BRP in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

BRP Profile

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.