Quantinno Capital Management LP Has $5.38 Million Position in Polaris Inc. (NYSE:PII)

Quantinno Capital Management LP grew its position in Polaris Inc. (NYSE:PII - Free Report) by 248.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in PII. RWWM Inc. lifted its holdings in shares of Polaris by 377.4% in the fourth quarter. RWWM Inc. now owns 889,698 shares of the company's stock valued at $51,264,000 after purchasing an additional 703,322 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after buying an additional 513,542 shares during the last quarter. Norges Bank bought a new stake in Polaris in the 4th quarter valued at approximately $24,659,000. Capital World Investors lifted its stake in Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after acquiring an additional 388,050 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Polaris during the 4th quarter worth approximately $21,776,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Wall Street Analyst Weigh In

PII has been the topic of several analyst reports. UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Royal Bank of Canada reduced their price target 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. DA Davidson decreased their price target on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley lowered their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Two equities 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.82.

Polaris Stock Performance

Shares of PII traded down $1.05 during midday trading on Friday, reaching $38.19. 243,718 shares of the stock were exchanged, compared to its average volume of 1,175,313. The stock's 50 day simple moving average is $37.00 and its 200 day simple moving average is $49.25. The company has a market cap of $2.15 billion, a P/E ratio of 19.54, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $88.00. 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 data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. On average, sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The business 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. This represents a $2.68 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio is currently 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.