Polaris Inc. (NYSE:PII) Position Trimmed by Versor Investments LP

Versor Investments LP lowered its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 75.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,909 shares of the company's stock after selling 8,791 shares during the quarter. Versor Investments LP's holdings in Polaris were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PII. Venturi Wealth Management LLC lifted its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after acquiring an additional 294 shares during the period. Bessemer Group Inc. increased its holdings in shares of Polaris by 174.1% during the 1st quarter. Bessemer Group Inc. now owns 370 shares of the company's stock worth $37,000 after buying an additional 235 shares during the last quarter. Blue Trust Inc. raised its position in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares during the period. Signaturefd LLC grew its position in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company's stock valued at $51,000 after acquiring an additional 618 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Polaris during the second quarter worth about $57,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 0.6 %

Shares of PII traded down $0.38 during trading on Friday, reaching $66.82. The company's stock had a trading volume of 654,364 shares, compared to its average volume of 892,210. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 6.98 and a beta of 1.52. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average of $77.45 and a two-hundred day moving average of $79.82. Polaris Inc. has a twelve month low of $66.06 and a twelve 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 (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company's revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.71 earnings per share. On average, sell-side analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The company 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 annualized dividend and a yield of 3.95%. The ex-dividend date is Monday, December 2nd. Polaris's dividend payout ratio is currently 73.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PII. Citigroup decreased their target price on Polaris from $86.00 to $83.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on shares of Polaris from $90.00 to $75.00 and set a "market perform" rating for the company in a research note on Wednesday, July 24th. Robert W. Baird reduced their target price on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Longbow Research reissued a "neutral" rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $87.09.

About Polaris

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.