GAMMA Investing LLC Has $10.22 Million Stock Holdings in Polaris Inc. (NYSE:PII)

GAMMA Investing LLC increased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 25,682.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,570 shares of the company's stock after acquiring an additional 248,602 shares during the period. GAMMA Investing LLC owned about 0.44% of Polaris worth $10,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP raised its holdings in shares of 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 acquiring an additional 15,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Polaris by 14.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock worth $6,701,000 after acquiring an additional 14,790 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of 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% during 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Polaris during the fourth quarter valued at about $611,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Roth Capital restated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Bank of America cut their target price on 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 raised their target price on Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Royal Bank of Canada cut their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Polaris currently has an average rating of "Hold" and an average target price of $45.82.

Polaris Stock Performance

Shares of Polaris stock traded down $0.53 during trading on Wednesday, reaching $42.09. The company's stock had a trading volume of 1,121,601 shares, compared to its average volume of 1,212,264. Polaris Inc. has a one year low of $30.92 and a one year high of $88.00. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04. The business's fifty day moving average price is $36.68 and its 200-day moving average price is $46.57. 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 released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business earned $0.23 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced 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. This represents a $2.68 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.

About Polaris

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.