Gotham Asset Management LLC Sells 44,512 Shares of Polaris Inc. (NYSE:PII)

Gotham Asset Management LLC decreased its stake in Polaris Inc. (NYSE:PII - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,480 shares of the company's stock after selling 44,512 shares during the quarter. Gotham Asset Management LLC's holdings in Polaris were worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Quantbot Technologies LP increased its stake in shares of Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock worth $2,071,000 after acquiring an additional 15,283 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Polaris by 14.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock valued at $6,701,000 after purchasing an additional 14,790 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Polaris in the 4th quarter worth about $21,776,000. State of Alaska Department of Revenue increased its position in Polaris by 371.7% in the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock worth $1,669,000 after purchasing an additional 22,835 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Polaris in the 4th quarter worth $611,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PII shares. Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Truist Financial dropped their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Roth Mkm decreased their price objective on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Robert W. Baird upped their price target on Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday. Two 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.82.

Polaris Trading Down 0.4%

NYSE PII traded down $0.17 on Thursday, reaching $38.48. The company had a trading volume of 223,333 shares, compared to its average volume of 1,776,272. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $88.00. The stock's 50 day moving average is $37.09 and its 200-day moving average is $49.46. 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 $2.16 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 13.95 and a beta of 1.05.

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

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.97%. 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.