Quadrature Capital Ltd Trims Stock Position in Polaris Inc. (NYSE:PII)

Quadrature Capital Ltd decreased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 73.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,494 shares of the company's stock after selling 9,776 shares during the quarter. Quadrature Capital Ltd's holdings in Polaris were worth $291,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PII. American Century Companies Inc. raised 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 purchasing an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris in the 2nd quarter valued at about $15,363,000. RWWM Inc. grew its position in shares of Polaris by 192.3% in 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. grew its position in shares of Polaris by 44.6% in the 3rd 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Polaris in the 3rd quarter worth approximately $12,670,000. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of NYSE:PII traded down $0.69 during midday trading on Wednesday, hitting $65.32. The company's stock had a trading volume of 376,833 shares, compared to its average volume of 732,215. The business's 50 day simple moving average is $72.14 and its 200 day simple moving average is $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The company has a market cap 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 Inc. has a 12-month low of $63.23 and a 12-month high of $100.91.

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

Polaris Dividend Announcement

The firm also recently disclosed 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is currently 73.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp dropped their price objective on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird cut their price objective on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. DA Davidson lowered their price target on shares of Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada lowered their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a report on Tuesday. 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's stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of "Hold" and an average target price of $87.09.

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.