XTX Topco Ltd Makes New Investment in Polaris Inc. (NYSE:PII)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Polaris during the 1st quarter worth about $35,000. Fifth Third Bancorp boosted its position in shares of Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after buying an additional 797 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Polaris by 7,462.5% during the first quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after purchasing an additional 1,194 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Trading Down 2.6%

Polaris stock traded down $1.51 during mid-day trading on Friday, hitting $57.31. The stock had a trading volume of 1,086,926 shares, compared to its average volume of 1,819,354. The stock has a 50-day simple moving average of $47.42 and a two-hundred day simple moving average of $42.70. The stock has a market capitalization of $3.22 billion, a PE ratio of -30.48 and a beta of 1.04. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $87.83. 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 announced its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. Polaris's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 EPS. As a group, sell-side analysts forecast 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. Stockholders 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 annualized dividend and a dividend yield of 4.7%. Polaris's dividend payout ratio is presently -142.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PII shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 price objective (up previously from $33.00) on shares of Polaris in a report on Wednesday, July 30th. Roth Capital lifted their price objective on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Robert W. Baird lifted their price objective on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $48.33.

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.