13,814 Shares in Polaris Inc. $PII Bought by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired a new stake in Polaris Inc., purchasing 13,814 shares valued at approximately $566,000 in the first quarter.
• Polaris reported earnings of $0.40 per share for the last quarter, significantly beating analysts' consensus estimates of $0.05, and had a revenue of $1.85 billion.
• Recent analyst upgrades have increased Polaris's price targets, with BMO Capital Markets raising it to $52.00, reflecting positive market sentiment despite the company's recent revenue decline.

Virtu Financial LLC purchased a new stake in Polaris Inc. (NYSE:PII - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,814 shares of the company's stock, valued at approximately $566,000.

A number of other institutional investors also recently modified their holdings of PII. Envestnet Asset Management Inc. lifted its stake in Polaris by 8.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 41,445 shares of the company's stock valued at $2,388,000 after acquiring an additional 3,210 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Polaris by 1.5% in the fourth quarter. Cerity Partners LLC now owns 42,176 shares of the company's stock worth $2,430,000 after purchasing an additional 612 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Polaris by 231.3% during the fourth quarter. Renaissance Technologies LLC now owns 98,400 shares of the company's stock worth $5,670,000 after purchasing an additional 68,700 shares during the last quarter. Raymond James Financial Inc. bought a new position in Polaris in the fourth quarter valued at $21,776,000. Finally, Sterling Capital Management LLC increased its stake in Polaris by 58.2% in the 4th quarter. Sterling Capital Management LLC now owns 3,095 shares of the company's stock valued at $178,000 after buying an additional 1,139 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PII shares. Morgan Stanley decreased their price objective on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. BMO Capital Markets restated a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Citigroup reissued a "sell" rating and issued a $27.00 price objective (up previously from $23.00) on shares of Polaris in a report on Monday, June 16th. Finally, Roth Capital boosted their target price on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $48.33.

Polaris Price Performance

NYSE PII traded down $0.91 during midday trading on Monday, hitting $56.32. The company had a trading volume of 427,892 shares, compared to its average volume of 1,718,397. The firm has a 50-day moving average price of $47.42 and a 200-day moving average price of $42.62. The company has a market capitalization of $3.17 billion, a PE ratio of -29.96 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $87.83.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Polaris's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is -142.55%.

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.