Voloridge Investment Management LLC Acquires 102,876 Shares of Polaris Inc. (NYSE:PII)

Voloridge Investment Management LLC lifted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 141.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 175,724 shares of the company's stock after acquiring an additional 102,876 shares during the period. Voloridge Investment Management LLC owned approximately 0.32% of Polaris worth $10,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PII. Twin Tree Management LP purchased a new position in shares of Polaris in the 4th quarter worth about $29,000. Larson Financial Group LLC lifted its position in Polaris by 386.5% in 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. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares in the last quarter. Signaturefd LLC grew its position in Polaris by 82.6% during 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, State of Wyoming purchased a new position in shares of Polaris during the fourth quarter worth approximately $95,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Performance

NYSE:PII traded up $0.10 on Thursday, hitting $39.90. The stock had a trading volume of 1,429,640 shares, compared to its average volume of 1,185,922. 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 cap of $2.24 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The business's 50-day simple moving average is $36.73 and its two-hundred day simple moving average is $48.38. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The company's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Monday, June 2nd. Polaris's payout ratio is currently 372.22%.

Analyst Ratings Changes

Several research firms recently commented 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. Royal Bank of Canada decreased their price objective on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. DA Davidson decreased their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.