Two Sigma Investments LP Takes $2.14 Million Position in Polaris Inc. (NYSE:PII)

Two Sigma Investments LP acquired a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,214 shares of the company's stock, valued at approximately $2,144,000. Two Sigma Investments LP owned 0.07% of Polaris at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in Polaris during the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its stake in 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 purchasing an additional 402 shares during the period. Lindbrook Capital LLC raised its stake in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares during the period. Signaturefd LLC boosted its stake in Polaris by 82.6% in the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares during the period. Finally, State of Wyoming bought a new position in Polaris in the 4th quarter worth approximately $95,000. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PII. Truist Financial reduced their price target on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Bank of America lowered their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley cut their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, Royal Bank of Canada reduced their price target on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Two 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $45.82.

Polaris Trading Down 1.3%

NYSE:PII traded down $0.53 during mid-day trading on Thursday, hitting $40.83. 1,051,463 shares of the stock traded hands, compared to its average volume of 1,205,619. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 20.83, a PEG 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 firm's 50 day moving average is $36.47 and its two-hundred day moving average is $47.25.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results 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. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The company's revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently declared 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Monday, June 2nd. Polaris's payout ratio is presently 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.