Y Intercept Hong Kong Ltd Makes New Investment in Polaris Inc. (NYSE:PII)

Y Intercept Hong Kong Ltd acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,938 shares of the company's stock, valued at approximately $1,091,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PII. Blue Trust Inc. increased its stake in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after buying an additional 389 shares during the last quarter. International Assets Investment Management LLC increased its stake in Polaris by 1,309.5% in the 3rd quarter. International Assets Investment Management LLC now owns 14,151 shares of the company's stock valued at $1,178,000 after buying an additional 13,147 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Polaris in the 3rd quarter valued at $279,000. State of Alaska Department of Revenue increased its stake in Polaris by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,144 shares of the company's stock valued at $511,000 after buying an additional 410 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Polaris by 1.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,535 shares of the company's stock valued at $2,042,000 after buying an additional 300 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Up 0.1 %

Shares of NYSE:PII traded up $0.03 during trading on Friday, reaching $44.88. The stock had a trading volume of 1,519,183 shares, compared to its average volume of 1,708,322. The firm's fifty day moving average is $51.31 and its 200 day moving average is $66.88. 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 $42.85 and a 52 week high of $100.91. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 5.97%. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is currently 136.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PII shares. Robert W. Baird lowered their price target on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a research note on Monday, December 30th. Citigroup lowered their price target on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. UBS Group lowered their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley restated an "equal weight" rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $66.17.

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.