26,994 Shares in Polaris Inc. (NYSE:PII) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in Polaris Inc. (NYSE:PII - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,994 shares of the company's stock, valued at approximately $1,555,000.

A number of other large investors have also recently made changes to their positions in PII. Larson Financial Group LLC lifted its stake in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP bought a new position in Polaris in the 4th quarter valued at $29,000. Lindbrook Capital LLC lifted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Roth Capital restated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Robert W. Baird cut their price objective on Polaris from $40.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Polaris presently has an average rating of "Hold" and a consensus target price of $45.36.

Polaris Price Performance

Shares of Polaris stock traded up $0.23 during trading hours on Wednesday, reaching $33.95. The stock had a trading volume of 130,758 shares, compared to its average volume of 1,120,557. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $90.62. The firm has a market capitalization of $1.91 billion, a PE ratio of 17.32, a PEG ratio of 13.95 and a beta of 1.05. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock's 50 day moving average is $38.41 and its 200 day moving average is $51.94.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The business's revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.67 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.89%. Polaris's dividend payout ratio (DPR) is presently 372.22%.

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.