BRP Inc. $DOOO Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in BRP Inc. by 63.1%, owning 161,176 shares after acquiring an additional 62,330 shares during the first quarter.
• BRP Inc. recently announced a quarterly dividend of $0.215, up from the previous dividend of $0.16, representing an annualized yield of 1.3%.
• Despite a strong quarterly earnings report with earnings per share of $0.67, BRP's shares were down 2.4% on the market, indicating stock volatility.

Canada Pension Plan Investment Board raised its stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) by 63.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,176 shares of the company's stock after buying an additional 62,330 shares during the quarter. Canada Pension Plan Investment Board owned about 0.22% of BRP worth $5,443,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of BRP by 71.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after purchasing an additional 684,651 shares during the period. Turtle Creek Asset Management Inc. grew its position in shares of BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock worth $151,118,000 after buying an additional 668,607 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in BRP by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,744,879 shares of the company's stock valued at $92,805,000 after buying an additional 346,114 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of BRP by 20.0% in the 1st quarter. National Bank of Canada FI now owns 495,657 shares of the company's stock worth $16,731,000 after purchasing an additional 82,723 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in BRP by 6.2% during the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company's stock valued at $41,749,000 after purchasing an additional 71,544 shares during the period.

BRP Stock Up 3.7%

BRP stock traded up $2.42 during mid-day trading on Monday, reaching $67.92. The company's stock had a trading volume of 257,683 shares, compared to its average volume of 245,561. The business's 50 day simple moving average is $53.84 and its 200 day simple moving average is $44.18. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $67.84. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -282.36 and a beta of 1.19. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34.

BRP (NASDAQ:DOOO - Get Free Report) last issued its earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, research analysts anticipate that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from BRP's previous quarterly dividend of $0.16. BRP's payout ratio is currently -262.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DOOO. TD Securities reaffirmed a "buy" 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 note on Tuesday, September 2nd. CIBC raised shares of BRP from a "neutral" rating to a "sector outperform" rating in a report on Tuesday, September 2nd. Canaccord Genuity Group upgraded shares of BRP from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Finally, Cibc World Mkts upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

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.