38,400 Shares in Polaris Inc. (NYSE:PII) Bought by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in Polaris Inc. (NYSE:PII - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 38,400 shares of the company's stock, valued at approximately $3,196,000. Readystate Asset Management LP owned 0.07% of Polaris at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in shares of Polaris by 534.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. raised its stake in Polaris by 2,431.3% during 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. Signaturefd LLC raised its stake in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after buying an additional 618 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Polaris during the 2nd quarter worth approximately $57,000. Finally, National Bank of Canada FI raised its stake in Polaris by 27.9% during the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company's stock worth $69,000 after buying an additional 200 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Royal Bank of Canada dropped their price target on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 23rd. KeyCorp dropped their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. DA Davidson dropped their price target on Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Polaris presently has an average rating of "Hold" and an average target price of $87.09.

Polaris Stock Performance

Shares of PII stock traded down $1.23 during trading on Thursday, hitting $64.31. The company's stock had a trading volume of 413,562 shares, compared to its average volume of 728,610. The company has a market cap of $3.59 billion, a PE ratio of 18.30, a P/E/G ratio of 7.05 and a beta of 1.51. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average of $73.66 and a 200-day moving average of $78.20. Polaris Inc. has a 52 week low of $64.18 and a 52 week high of $100.91.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the company posted $2.71 EPS. Polaris's revenue for the quarter was down 23.4% on a year-over-year basis. As a group, research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 4.11%. Polaris's payout ratio is 73.74%.

Polaris Company 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.