Systematic Financial Management LP Acquires 17,612 Shares of Polaris Inc. (NYSE:PII)

Systematic Financial Management LP boosted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247,177 shares of the company's stock after acquiring an additional 17,612 shares during the quarter. Systematic Financial Management LP owned about 0.44% of Polaris worth $14,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP grew its position in 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 buying an additional 15,283 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Polaris by 14.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock valued at $6,701,000 after buying an additional 14,790 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Polaris during the 4th quarter worth $21,776,000. State of Alaska Department of Revenue grew its stake in Polaris by 371.7% in the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after acquiring an additional 22,835 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Polaris during the 4th quarter valued at about $611,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 3.0%

PII stock traded down $1.17 during trading hours on Friday, hitting $38.08. The company's stock had a trading volume of 287,623 shares, compared to its average volume of 1,175,498. The stock has a 50 day moving average price of $37.00 and a two-hundred day moving average price of $49.25. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00. The company has a market capitalization of $2.14 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. 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 released 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 company 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 EPS. The firm's revenue was down 11.6% on a year-over-year basis. On average, equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 7.04%. Polaris's payout ratio is 372.22%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PII. UBS Group reduced their target price on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. BMO Capital Markets cut their price target on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Finally, Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two investment 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 data from MarketBeat, Polaris has an average rating of "Hold" and an average price target of $45.82.

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.