CenterBook Partners LP Increases Position in Polaris Inc. (NYSE:PII)

CenterBook Partners LP grew its stake in Polaris Inc. (NYSE:PII - Free Report) by 72.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,801 shares of the company's stock after purchasing an additional 12,509 shares during the period. CenterBook Partners LP owned approximately 0.05% of Polaris worth $1,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP lifted its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after buying an additional 253 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC raised its position in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

PII stock traded down $1.09 during midday trading on Tuesday, hitting $32.93. 1,739,557 shares of the stock traded hands, compared to its average volume of 1,787,771. The stock's fifty day simple moving average is $42.12 and its 200-day simple moving average is $57.07. The firm has a market cap of $1.85 billion, a P/E ratio of 16.80, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

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Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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, analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 8.14%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's payout ratio is presently 136.73%.

Analyst Ratings Changes

A number of research firms recently weighed in on PII. Bank of America lowered their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price objective (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Robert W. Baird downgraded Polaris from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $56.00 to $40.00 in a research note on Friday, April 4th. Finally, Roth Mkm decreased their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Polaris presently has an average rating of "Hold" and an average price target of $50.64.

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.