Polaris Inc. (NYSE:PII) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in Polaris Inc. (NYSE:PII - Free Report) by 266.0% during the 4th quarter, according to its most recent disclosure with the 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 about 0.32% of Polaris worth $10,213,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in Polaris in the 4th quarter worth about $2,211,000. SG Americas Securities LLC bought a new position in Polaris in the 4th quarter worth approximately $300,000. Janney Montgomery Scott LLC boosted its stake in Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after purchasing an additional 263 shares during the period. Inspire Investing LLC boosted its position in shares of Polaris by 41.6% during the 4th quarter. Inspire Investing LLC now owns 6,962 shares of the company's stock valued at $401,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in shares of Polaris during the 4th quarter valued at approximately $378,000. Institutional investors own 88.06% of the company's stock.

Analyst Ratings Changes

PII has been the topic of several recent research reports. Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. BMO Capital Markets cut their price target on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. DA Davidson dropped their price objective on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Finally, UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $45.82.

Polaris Price Performance

Shares of Polaris stock traded up $0.38 on Wednesday, reaching $40.15. The company's stock had a trading volume of 260,732 shares, compared to its average volume of 1,180,292. The company has a market capitalization of $2.26 billion, a P/E ratio of 20.47, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00. The stock has a 50-day moving average price of $36.77 and a 200-day moving average price of $48.44. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

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. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is currently 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.