Squarepoint Ops LLC increased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 266.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,241 shares of the company's stock after purchasing an additional 128,815 shares during the period. Squarepoint Ops LLC owned 0.32% of Polaris worth $10,213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PII. Assenagon Asset Management S.A. acquired a new position in shares of Polaris in the fourth quarter worth $2,211,000. SG Americas Securities LLC acquired a new position in Polaris in the 4th quarter valued at about $300,000. Janney Montgomery Scott LLC lifted its holdings in Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after purchasing an additional 263 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Polaris by 41.6% during the 4th quarter. Inspire Investing LLC now owns 6,962 shares of the company's stock worth $401,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Polaris during the 4th quarter worth about $378,000. Hedge funds and other institutional investors own 88.06% of the company's stock.
Polaris Stock Up 1.6%
Shares of NYSE:PII opened at $39.25 on Friday. The stock has a 50-day simple moving average of $37.00 and a 200-day simple moving average of $49.25. The stock has a market capitalization of $2.21 billion, a P/E ratio of 20.03, 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 $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.
Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the company posted $0.23 earnings per share. Polaris's revenue was down 11.6% compared to the same quarter last year. Equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.
Polaris Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given 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 yield of 6.83%. Polaris's dividend payout ratio (DPR) is 372.22%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PII. Bank of America reduced their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Baird R W cut Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. 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. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada lowered their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.82.
Read Our Latest Stock Report on PII
Polaris Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc. (NYSE:PII - Free Report).
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