XTX Topco Ltd Buys Shares of 5,862 Polaris Inc. (NYSE:PII)

XTX Topco Ltd purchased a new position in Polaris Inc. (NYSE:PII - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,862 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds also recently made changes to their positions in PII. Envestnet Asset Management Inc. boosted its stake in Polaris by 8.4% in the fourth 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 during the period. Cerity Partners LLC grew its stake in Polaris by 1.5% during the 4th quarter. Cerity Partners LLC now owns 42,176 shares of the company's stock worth $2,430,000 after buying an additional 612 shares during the last quarter. Renaissance Technologies LLC increased its position in Polaris by 231.3% in the fourth quarter. Renaissance Technologies LLC now owns 98,400 shares of the company's stock worth $5,670,000 after buying an additional 68,700 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Polaris during the fourth quarter valued at $21,776,000. Finally, Sterling Capital Management LLC grew its position in shares of Polaris by 58.2% during the fourth quarter. Sterling Capital Management LLC now owns 3,095 shares of the company's stock worth $178,000 after acquiring an additional 1,139 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Price Performance

Shares of NYSE PII traded down $1.51 during midday trading on Friday, reaching $57.31. The company's stock had a trading volume of 1,086,926 shares, compared to its average volume of 1,819,354. Polaris Inc. has a one year low of $30.92 and a one year high of $87.83. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -30.48 and a beta of 1.04. The company has a 50 day moving average price of $47.42 and a 200 day moving average price of $42.66. 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 (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.35. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The firm's revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, equities research analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 4.7%. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Robert W. Baird lifted their target price on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Citigroup reiterated a "sell" rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Finally, Roth Capital increased their price target on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $48.33.

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.