BRP Inc. $DOOO Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in shares of BRP Inc. (NASDAQ:DOOO) by 46.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 199,632 shares of the company’s stock after selling 172,221 shares during the period. Bank of Montreal Can’s holdings in BRP were worth $9,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of BRP by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock worth $3,685,000 after purchasing an additional 10,004 shares in the last quarter. VELA Investment Management LLC acquired a new stake in shares of BRP in the second quarter valued at about $1,087,000. Allianz Asset Management GmbH purchased a new stake in BRP during the second quarter worth about $1,932,000. Public Employees Retirement System of Ohio grew its position in BRP by 9.0% during the second quarter. Public Employees Retirement System of Ohio now owns 15,306 shares of the company’s stock worth $742,000 after buying an additional 1,265 shares during the period. Finally, Ontario Teachers Pension Plan Board increased 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 buying an additional 15,447 shares in the last quarter.

BRP Stock Up 2.0%

DOOO opened at $63.91 on Monday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -266.29 and a beta of 1.21. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $68.45. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. The business has a 50-day moving average of $64.57 and a two-hundred day moving average of $52.95.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.33 by $0.34. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.77 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. On average, research analysts expect that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.16. This represents a $0.86 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, September 30th. BRP’s payout ratio is presently -258.33%.

Analyst Ratings Changes

DOOO has been the topic of several research analyst reports. Scotiabank reissued a “sector perform” rating on shares of BRP in a research note on Tuesday, September 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd. TD Securities restated a “buy” rating on shares of BRP in a research report on Tuesday, September 2nd. National Bankshares set a $105.00 price objective on shares of BRP and gave the stock a “sector perform” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.60.

About BRP

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.