Polaris Inc. (NYSE:PII) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Polaris Inc. (NYSE:PII) by 74.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,944 shares of the company’s stock after buying an additional 15,283 shares during the quarter. Quantbot Technologies LP’s holdings in Polaris were worth $2,071,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal London Asset Management Ltd. grew its holdings in Polaris by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 223,847 shares of the company’s stock valued at $12,898,000 after purchasing an additional 2,366 shares in the last quarter. Koss Olinger Consulting LLC grew its holdings in Polaris by 13.6% during the 4th quarter. Koss Olinger Consulting LLC now owns 27,046 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,236 shares in the last quarter. Xponance Inc. grew its holdings in Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company’s stock valued at $343,000 after purchasing an additional 288 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Polaris during the 4th quarter valued at $148,000. Finally, Signaturefd LLC grew its holdings in Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company’s stock valued at $59,000 after purchasing an additional 460 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PII shares. Roth Mkm lowered their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. BMO Capital Markets lowered their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 price objective on shares of Polaris in a report on Monday, March 17th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.83.

Polaris Trading Down 0.5 %

Polaris stock opened at $41.95 on Monday. The firm’s 50-day moving average is $47.26 and its 200-day moving average is $62.50. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 1 year low of $39.29 and a 1 year high of $100.91. The company has a market cap of $2.35 billion, a P/E ratio of 21.40, a PEG ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) 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%. On average, equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.39%. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

About Polaris

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.