20,340 Shares in BRP Inc. $DOOO Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 20,340 shares of BRP Inc., valued at approximately $688,000, indicating growing interest in the company from institutional investors.
• BRP recently raised its quarterly dividend from $0.16 to $0.215, reflecting the company's commitment to returning value to shareholders.
• Analysts have issued positive ratings for BRP, with several upgrades that include a shift to a "strong-buy" rating from Stifel Canada, amidst forecasts for a moderate buy average rating.

Trexquant Investment LP purchased a new position in BRP Inc. (NASDAQ:DOOO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,340 shares of the company's stock, valued at approximately $688,000.

Several other hedge funds have also made changes to their positions in DOOO. Russell Investments Group Ltd. lifted its holdings in shares of BRP by 75.3% in the 1st quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company's stock worth $129,000 after purchasing an additional 1,641 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of BRP in the 4th quarter worth approximately $229,000. Quantinno Capital Management LP bought a new stake in shares of BRP in the 4th quarter worth approximately $298,000. Aigen Investment Management LP bought a new stake in shares of BRP in the 1st quarter worth approximately $451,000. Finally, Addenda Capital Inc. lifted its holdings in shares of BRP by 10.3% in the 1st quarter. Addenda Capital Inc. now owns 14,699 shares of the company's stock worth $497,000 after purchasing an additional 1,368 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Canada raised BRP from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 29th. National Bankshares set a $105.00 target price on BRP and gave the company a "sector perform" rating in a research note on Tuesday, September 2nd. CIBC raised BRP from a "neutral" rating to a "sector outperform" rating in a research note on Tuesday, September 2nd. Desjardins raised BRP from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Wall Street Zen raised BRP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.50.

BRP Stock Up 0.1%

Shares of BRP stock opened at $65.50 on Monday. The business's fifty day moving average price is $53.84 and its two-hundred day moving average price is $44.18. 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 company has a market capitalization of $4.78 billion, a P/E ratio of -272.92 and a beta of 1.19. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $67.33.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The company had revenue of $1.36 billion for 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 forecast that BRP Inc. will post 3.15 EPS for the current year.

BRP Increases Dividend

The company 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 is a boost from BRP's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. BRP's payout ratio is -262.50%.

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.

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