Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires New Stake in Polaris Inc. (NYSE:PII)

Key Points

• Arrowpoint Investment Partners Singapore has acquired a new position in Polaris Inc., purchasing 12,100 shares valued at approximately $495,000 during the 1st quarter.
• Polaris recently reported a quarterly EPS of $0.40, exceeding estimates significantly, but revenue decreased by 5.5% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.67 to be paid on September 15th, with a current dividend yield of 5.1% despite a negative payout ratio.

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,100 shares of the company's stock, valued at approximately $495,000.

Several other large investors have also recently added to or reduced their stakes in PII. UMB Bank n.a. increased its holdings in shares of Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after buying an additional 429 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Polaris during the 1st quarter worth $35,000. Fifth Third Bancorp raised its holdings in shares of Polaris by 46.9% in the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after purchasing an additional 318 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Polaris by 191.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after purchasing an additional 797 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Polaris by 7,462.5% in the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after purchasing an additional 1,194 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PII shares. Royal Bank Of Canada raised their price objective on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Morgan Stanley cut their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "sell" rating and issued a $27.00 price objective (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Robert W. Baird raised their price objective on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $52.00 target price (up from $33.00) on shares of Polaris in a report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $48.33.

Polaris Price Performance

PII stock opened at $52.28 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $87.83. The stock's 50 day moving average is $46.08 and its two-hundred day moving average is $42.44. The company has a market capitalization of $2.94 billion, a PE ratio of -27.81 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the business earned $1.38 EPS. Polaris's revenue for the quarter was down 5.5% compared to the same quarter last year. Analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.67 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a dividend yield of 5.1%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Polaris Company 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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