Quantbot Technologies LP Acquires 15,283 Shares of Polaris Inc. (NYSE:PII)

Quantbot Technologies LP raised its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 74.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,944 shares of the company's stock after purchasing an additional 15,283 shares during the quarter. Quantbot Technologies LP owned 0.06% of Polaris worth $2,071,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PII. National Bank of Canada FI increased its stake in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock valued at $92,000 after acquiring an additional 183 shares during the period. Nordea Investment Management AB increased its position in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after purchasing an additional 183 shares during the period. Quarry LP raised its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after purchasing an additional 263 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after acquiring an additional 288 shares during the period. Institutional investors own 88.06% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have commented on PII shares. UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. BMO Capital Markets dropped their target price on 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 reaffirmed an "equal weight" rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Truist Financial lowered their price target on Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird cut their price objective on Polaris from $64.00 to $56.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $59.83.

Polaris Price Performance

PII traded down $0.95 during midday trading on Tuesday, hitting $41.98. The company had a trading volume of 360,440 shares, compared to its average volume of 965,890. Polaris Inc. has a twelve month low of $39.29 and a twelve month high of $100.91. The company has a market capitalization of $2.36 billion, a PE ratio of 21.43, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm's 50-day simple moving average is $47.01 and its 200-day simple moving average is $62.23.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. Equities research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.67 per share. 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 6.38%. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's payout ratio is presently 136.73%.

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.