Quantinno Capital Management LP Purchases 22,648 Shares of Polaris Inc. (NYSE:PII)

Quantinno Capital Management LP increased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 545.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,803 shares of the company's stock after purchasing an additional 22,648 shares during the quarter. Quantinno Capital Management LP's holdings in Polaris were worth $2,231,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PII. Cetera Advisors LLC acquired a new stake in shares of Polaris during the first quarter worth approximately $506,000. Envestnet Portfolio Solutions Inc. bought a new position in Polaris during the second quarter valued at approximately $205,000. Hunter Perkins Capital Management LLC raised its position in Polaris by 4.2% during the second quarter. Hunter Perkins Capital Management LLC now owns 64,991 shares of the company's stock valued at $5,089,000 after acquiring an additional 2,610 shares in the last quarter. JLB & Associates Inc. raised its position in Polaris by 0.5% during the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company's stock valued at $1,917,000 after acquiring an additional 120 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Polaris by 8.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,358 shares of the company's stock valued at $1,203,000 after acquiring an additional 1,186 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on PII. Robert W. Baird dropped their price target on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research note on Tuesday. DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada decreased their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 23rd. Finally, KeyCorp decreased their price target on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $87.09.

Polaris Price Performance

Shares of Polaris stock traded down $0.72 during trading on Wednesday, reaching $65.29. The company's stock had a trading volume of 333,376 shares, compared to its average volume of 732,070. The stock has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $77.68. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. Polaris Inc. has a one year low of $63.23 and a one year high of $100.91. The stock has a market capitalization of $3.64 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 6.65 and a beta of 1.51.

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

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.04%. Polaris's dividend 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.