Mitsubishi UFJ Trust & Banking Corp Invests $687,000 in BRP Inc. $DOOO

Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of BRP Inc. (NASDAQ:DOOO) during the 3rd quarter, Holdings Channel reports. The fund bought 11,300 shares of the company’s stock, valued at approximately $687,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOOO. QV Investors Inc. bought a new stake in shares of BRP during the 3rd quarter valued at about $29,351,000. Triasima Portfolio Management inc. purchased a new stake in BRP in the third quarter worth about $4,113,000. Cortland Associates Inc. MO bought a new stake in BRP during the 3rd quarter valued at approximately $283,000. Annex Advisory Services LLC purchased a new position in shares of BRP during the 3rd quarter worth approximately $240,000. Finally, Addenda Capital Inc. raised its position in shares of BRP by 5.8% in the 3rd quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,052 shares in the last quarter.

BRP Stock Down 3.5%

DOOO opened at $75.37 on Friday. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 203.70 and a beta of 1.26. The firm has a 50 day moving average price of $74.12 and a 200-day moving average price of $65.25. BRP Inc. has a twelve month low of $31.78 and a twelve month high of $78.07. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.50 billion. The company’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. Equities research analysts forecast that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on DOOO. Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Citigroup reissued a “buy” rating on shares of BRP in a research report on Wednesday, January 14th. Zacks Research cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings upgraded shares of BRP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 8th. Finally, Royal Bank Of Canada boosted their price target on BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, BRP presently has an average rating of “Moderate Buy” and an average price target of $84.40.

BRP Company 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.