Polaris Inc. (NYSE:PII) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 821.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,562 shares of the company's stock after purchasing an additional 54,880 shares during the quarter. Verition Fund Management LLC owned approximately 0.11% of Polaris worth $5,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PII. American Century Companies Inc. boosted its holdings in shares of Polaris by 311.6% in the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company's stock valued at $30,307,000 after buying an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Polaris in the 2nd quarter valued at about $15,363,000. RWWM Inc. grew its stake in Polaris by 192.3% during the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company's stock worth $21,334,000 after buying an additional 179,244 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after buying an additional 171,366 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock valued at $76,994,000 after buying an additional 96,194 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Ratings Changes

PII has been the subject of several research reports. StockNews.com upgraded shares of Polaris from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Royal Bank of Canada decreased their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company 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 report on Thursday, October 24th. 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 research report on Wednesday, October 23rd. Finally, KeyCorp dropped their target price on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock 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 MarketBeat.com, Polaris has a consensus rating of "Hold" and an average target price of $87.09.

Polaris Price Performance

NYSE PII traded down $0.41 during mid-day trading on Tuesday, hitting $67.44. The stock had a trading volume of 691,435 shares, compared to its average volume of 729,163. Polaris Inc. has a 52-week low of $64.56 and a 52-week high of $100.91. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 7.09 and a beta of 1.51. The company has a 50 day simple moving average of $74.37 and a 200 day simple moving average of $78.41. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

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

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is presently 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.