Polaris Inc. (NYSE:PII) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Polaris Inc. (NYSE:PII - Free Report) by 127.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,826 shares of the company's stock after acquiring an additional 6,628 shares during the quarter. SG Americas Securities LLC's holdings in Polaris were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PII. Twin Tree Management LP acquired a new stake in shares of Polaris in the fourth quarter worth $29,000. Larson Financial Group LLC lifted its holdings in shares of 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. Lindbrook Capital LLC boosted its position in 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 period. UMB Bank n.a. increased its holdings in Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Polaris by 82.6% in the 4th 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. Hedge funds and other institutional investors own 88.06% of the company's stock.

Analysts Set New Price Targets

PII has been the subject of several analyst reports. Royal Bank Of Canada decreased their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Roth Capital reissued a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Robert W. Baird upped their price target on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.27.

Polaris Stock Up 0.3%

Shares of PII stock traded up $0.13 during mid-day trading on Tuesday, reaching $40.54. 1,148,992 shares of the company were exchanged, compared to its average volume of 1,217,788. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.37 and a current ratio of 1.12. The business's 50 day simple moving average is $37.84 and its 200 day simple moving average is $44.76. The company has a market capitalization of $2.28 billion, a P/E ratio of 56.30 and a beta of 1.04. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $88.00.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The firm's revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 6.61%. Polaris's dividend payout ratio (DPR) is 372.22%.

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.