AQR Capital Management LLC Trims Holdings in Polaris Inc. (NYSE:PII)

AQR Capital Management LLC trimmed its position in Polaris Inc. (NYSE:PII - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,266 shares of the company's stock after selling 173,502 shares during the period. AQR Capital Management LLC owned approximately 0.37% of Polaris worth $12,000,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in Polaris by 74.0% during the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock worth $2,071,000 after purchasing an additional 15,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Polaris by 14.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock valued at $6,701,000 after purchasing an additional 14,790 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Polaris during the fourth quarter worth $21,776,000. State of Alaska Department of Revenue raised its holdings in shares of Polaris by 371.7% in the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock worth $1,669,000 after acquiring an additional 22,835 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Polaris during the fourth quarter valued at $611,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Up 2.3 %

NYSE:PII traded up $0.80 during mid-day trading on Friday, hitting $36.34. The company had a trading volume of 1,810,691 shares, compared to its average volume of 1,139,068. The business has a fifty day simple moving average of $37.95 and a 200-day simple moving average of $51.26. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

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

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date is Monday, June 2nd. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

A number of brokerages have recently commented on PII. Bank of America lowered their price target on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. DA Davidson dropped their target price on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Robert W. Baird dropped their price objective on shares of Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday. Two investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.36.

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.