Susquehanna Fundamental Investments LLC Buys Shares of 115,353 Polaris Inc. (NYSE:PII)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 115,353 shares of the company's stock, valued at approximately $6,647,000. Susquehanna Fundamental Investments LLC owned 0.21% of Polaris at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris in the 4th quarter worth approximately $29,000. Lindbrook Capital LLC boosted its position in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $56,000 after purchasing an additional 677 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after buying an additional 460 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

PII has been the subject of several research reports. Truist Financial reduced their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research note on Monday, April 14th. DA Davidson lowered their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Bank of America decreased their price objective on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Polaris has a consensus rating of "Hold" and a consensus target price of $50.64.

Polaris Stock Performance

Shares of PII stock opened at $34.36 on Monday. The firm's 50-day simple moving average is $40.10 and its two-hundred day simple moving average is $54.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $90.62. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) 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%. As a group, equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 7.80%. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's payout ratio is 136.73%.

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.

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