Quantinno Capital Management LP Acquires 66,584 Shares of Polaris Inc. (NYSE:PII)

Quantinno Capital Management LP boosted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 248.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,387 shares of the company's stock after buying an additional 66,584 shares during the period. Quantinno Capital Management LP owned approximately 0.17% of Polaris worth $5,381,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PII. Larson Financial Group LLC lifted its position in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris during the fourth quarter worth $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after buying an additional 387 shares during the last quarter. Signaturefd LLC boosted its holdings in Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after acquiring an additional 460 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Polaris by 418.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company's stock worth $117,000 after buying an additional 1,640 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PII shares. Morgan Stanley dropped their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. UBS Group dropped their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Truist Financial dropped their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $45.36.

Polaris Stock Down 4.5%

NYSE PII traded down $1.83 during trading hours on Wednesday, hitting $38.67. The company's stock had a trading volume of 1,802,386 shares, compared to its average volume of 1,172,240. The company has a market capitalization of $2.17 billion, a PE ratio of 19.73, a price-to-earnings-growth 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 company's 50-day simple moving average is $37.17 and its two-hundred day simple moving average is $49.54. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Polaris's revenue was down 11.6% compared to the same quarter last year. Research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.67 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 6.93%. Polaris's dividend payout ratio 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.