Y Intercept Hong Kong Ltd Buys New Shares in Polaris Inc. (NYSE:PII)

Y Intercept Hong Kong Ltd purchased a new position in shares of Polaris Inc. (NYSE:PII) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,938 shares of the company’s stock, valued at approximately $1,091,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after buying an additional 389 shares during the period. International Assets Investment Management LLC increased its stake in Polaris by 1,309.5% during the third quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock worth $1,178,000 after acquiring an additional 13,147 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Polaris in the 3rd quarter worth about $279,000. State of Alaska Department of Revenue lifted its stake in shares of Polaris by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,144 shares of the company’s stock valued at $511,000 after purchasing an additional 410 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Polaris by 1.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,535 shares of the company’s stock worth $2,042,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE PII opened at $46.36 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $100.91. The business has a 50 day moving average price of $51.81 and a two-hundred day moving average price of $67.37. The firm has a market cap of $2.60 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 5.78%. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is presently 136.73%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. BMO Capital Markets reduced their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and an average price target of $66.17.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.