BRP Inc. $DOOO Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. reduced its position in BRP Inc. (NASDAQ:DOOO) by 30.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 145,328 shares of the company’s stock after selling 62,549 shares during the period. Waratah Capital Advisors Ltd.’s holdings in BRP were worth $8,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after acquiring an additional 625 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in BRP in the second quarter worth $41,000. Geode Capital Management LLC increased its stake in BRP by 1.9% during the second quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock valued at $2,463,000 after purchasing an additional 955 shares during the last quarter. JPMorgan Chase & Co. increased its stake in BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares during the last quarter. Finally, Addenda Capital Inc. raised its holdings in shares of BRP by 5.8% during the third quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock worth $1,175,000 after purchasing an additional 1,052 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on DOOO. Loop Capital began coverage on shares of BRP in a report on Thursday, November 13th. They issued a “buy” rating for the company. Zacks Research lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings upgraded BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. National Bank Financial raised BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, Desjardins reiterated a “buy” rating on shares of BRP in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.40.

BRP Price Performance

NASDAQ DOOO opened at $77.69 on Wednesday. The company has a 50-day moving average price of $76.09 and a two-hundred day moving average price of $68.75. BRP Inc. has a 52 week low of $31.78 and a 52 week high of $78.07. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 209.97 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.27. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a return on equity of 67.30% and a net margin of 0.45%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. Analysts forecast that BRP Inc. will post 3.15 EPS for the current year.

BRP Dividend Announcement

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

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.