Polaris Inc. (NYSE:PII) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 44.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,661 shares of the company's stock after selling 16,558 shares during the period. Quantbot Technologies LP's holdings in Polaris were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PII. Tidal Investments LLC acquired a new stake in Polaris during the first quarter worth $1,065,000. Victory Capital Management Inc. increased its position in shares of Polaris by 167.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock worth $3,643,000 after purchasing an additional 27,375 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in Polaris in the 2nd quarter valued at about $757,000. Dimensional Fund Advisors LP raised its holdings in Polaris by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company's stock valued at $76,994,000 after buying an additional 96,194 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Polaris in the second quarter valued at about $1,211,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PII shares. StockNews.com raised shares of Polaris from a "sell" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada dropped their target price on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. KeyCorp decreased their price target on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective on Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson decreased their target price on Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Polaris currently has an average rating of "Hold" and a consensus target price of $87.09.

Polaris Stock Up 1.1 %

Shares of PII traded up $0.73 during midday trading on Friday, hitting $69.00. The company had a trading volume of 321,793 shares, compared to its average volume of 729,877. Polaris Inc. has a 1 year low of $64.56 and a 1 year high of $100.91. The firm has a market capitalization of $3.85 billion, a P/E ratio of 19.30, a P/E/G ratio of 7.13 and a beta of 1.52. 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's 50-day simple moving average is $74.66 and its 200-day simple moving average is $78.64.

Polaris (NYSE:PII - Get Free Report) last issued 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 return on equity of 17.92% and a net margin of 2.64%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The firm's revenue was down 23.4% compared to the same quarter last year. As a group, sell-side analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's dividend payout ratio (DPR) is presently 73.74%.

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.