AXQ Capital LP Purchases 7,725 Shares of Polaris Inc. (NYSE:PII)

AXQ Capital LP grew its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,120 shares of the company's stock after purchasing an additional 7,725 shares during the quarter. AXQ Capital LP's holdings in Polaris were worth $929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PII. Victory Capital Management Inc. grew its position in Polaris by 167.1% in the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock valued at $3,643,000 after acquiring an additional 27,375 shares in the last quarter. Natixis Advisors LLC grew its holdings in Polaris by 25.7% during the 3rd quarter. Natixis Advisors LLC now owns 23,660 shares of the company's stock valued at $1,969,000 after purchasing an additional 4,831 shares in the last quarter. Caprock Group LLC acquired a new stake in Polaris during the 3rd quarter valued at $319,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Polaris in the third quarter valued at about $1,478,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Polaris by 5.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,966 shares of the company's stock worth $12,233,000 after buying an additional 7,265 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Trading Down 1.7 %

Shares of PII traded down $0.71 during midday trading on Tuesday, hitting $42.22. The stock had a trading volume of 242,641 shares, compared to its average volume of 965,890. The business has a 50-day simple moving average of $47.01 and a two-hundred day simple moving average of $62.23. The firm has a market cap of $2.37 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a fifty-two week low of $39.29 and a fifty-two week high of $100.91.

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Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.67 dividend. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.35%. Polaris's dividend payout ratio (DPR) is currently 136.73%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley reiterated an "equal weight" rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. BMO Capital Markets cut their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird decreased their target price on Polaris from $64.00 to $56.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $59.83.

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.