TD Waterhouse Canada Inc. Decreases Stake in BRP Inc. $DOOO

TD Waterhouse Canada Inc. cut its stake in BRP Inc. (NASDAQ:DOOO) by 37.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,417 shares of the company’s stock after selling 10,532 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in BRP were worth $873,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in BRP by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock valued at $3,685,000 after buying an additional 10,004 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of BRP by 9.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,306 shares of the company’s stock valued at $742,000 after buying an additional 1,265 shares in the last quarter. VELA Investment Management LLC purchased a new position in BRP in the 2nd quarter valued at about $1,087,000. Allianz Asset Management GmbH acquired a new stake in shares of BRP in the second quarter worth approximately $1,932,000. Finally, Ontario Teachers Pension Plan Board increased its position in shares of BRP by 31.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock worth $2,193,000 after purchasing an additional 15,447 shares in the last quarter.

BRP Trading Up 3.4%

NASDAQ DOOO opened at $64.28 on Friday. 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 stock has a market capitalization of $4.70 billion, a P/E ratio of -267.83 and a beta of 1.21. The firm’s 50-day moving average is $64.23 and its two-hundred day moving average is $54.89. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $68.45.

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

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. BRP’s dividend payout ratio is currently -258.33%.

Wall Street Analyst Weigh In

DOOO has been the topic of a number of research reports. Scotiabank restated a “sector perform” rating on shares of BRP in a report on Tuesday, September 2nd. UBS Group boosted their target price on BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. National Bankshares set a $105.00 price objective on BRP and gave the stock a “sector perform” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada upped their target price on BRP from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BRP currently 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.