Neo Ivy Capital Management Boosts Stake in Polaris Inc. (NYSE:PII)

Neo Ivy Capital Management increased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 525.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,766 shares of the company's stock after purchasing an additional 32,568 shares during the period. Neo Ivy Capital Management owned 0.07% of Polaris worth $2,233,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after acquiring an additional 402 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC lifted its stake in shares of Polaris by 295.4% during the 4th 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. Signaturefd LLC boosted its position in Polaris by 82.6% during the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after purchasing an additional 460 shares in the last quarter. Finally, State of Wyoming bought a new stake in Polaris during the fourth quarter valued at about $95,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

NYSE PII traded up $0.30 on Wednesday, reaching $40.07. 398,221 shares of the company's stock traded hands, compared to its average volume of 1,180,809. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $88.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 13.95 and a beta of 1.05. The stock has a 50 day moving average price of $36.77 and a 200-day moving average price of $48.44.

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

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.69%. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PII shares. Bank of America lowered their price target on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Robert W. Baird upped their price target on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $49.00 to $33.00 in a report on Thursday, March 20th. Wall Street Zen downgraded Polaris from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, UBS Group reduced their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.82.

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.