Quantbot Technologies LP Raises Holdings in Polaris Inc. (NYSE:PII)

Quantbot Technologies LP lifted its stake in Polaris Inc. (NYSE:PII - Free Report) by 74.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,944 shares of the company's stock after buying an additional 15,283 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Polaris worth $2,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI increased its position in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after purchasing an additional 183 shares in the last quarter. Nordea Investment Management AB increased its position in Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after buying an additional 183 shares during the period. Quarry LP lifted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after buying an additional 253 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after acquiring an additional 263 shares during the period. Finally, Xponance Inc. boosted its holdings in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after acquiring an additional 288 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

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Polaris Trading Up 0.5 %

PII stock traded up $0.23 during midday trading on Thursday, hitting $43.19. The stock had a trading volume of 736,039 shares, compared to its average volume of 965,995. The company's 50-day moving average price is $46.46 and its 200 day moving average price is $61.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a market cap of $2.42 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 12-month low of $39.29 and a 12-month high of $100.91.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently announced 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 of this dividend was Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.20%. Polaris's dividend payout ratio (DPR) is currently 136.73%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PII. Bank of America lowered their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. UBS Group reduced their target price 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. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Polaris currently has a consensus rating of "Hold" and a consensus price target 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.