12,500 Shares in BRP Inc. (NASDAQ:DOOO) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in shares of BRP Inc. (NASDAQ:DOOO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,500 shares of the company's stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its stake in BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after purchasing an additional 903 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of BRP during the 4th quarter valued at approximately $77,000. Intact Investment Management Inc. bought a new position in BRP during the fourth quarter worth $148,000. Public Employees Retirement System of Ohio bought a new stake in BRP during the third quarter valued at $178,000. Finally, Quantbot Technologies LP raised its holdings in shares of BRP by 26.6% during the fourth quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock worth $246,000 after purchasing an additional 1,017 shares during the period.

BRP Price Performance

DOOO stock traded up $0.00 during trading hours on Thursday, hitting $33.20. 30,663 shares of the stock traded hands, compared to its average volume of 151,796. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The stock has a 50-day simple moving average of $38.42 and a 200 day simple moving average of $47.00. BRP Inc. has a one year low of $32.24 and a one year high of $74.00. The company has a market cap of $2.42 billion, a P/E ratio of 17.70 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. Equities analysts forecast that BRP Inc. will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.1508 per share. The ex-dividend date is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. BRP's payout ratio is -29.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DOOO. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Robert W. Baird restated a "neutral" rating and set a $43.00 price objective (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Baird R W cut BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Finally, TD Securities restated a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.25.

BRP Profile

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.