Occudo Quantitative Strategies LP Takes Position in Polaris Inc. (NYSE:PII)

Occudo Quantitative Strategies LP acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,535 shares of the company's stock, valued at approximately $607,000.

Several other large investors have also recently bought and sold shares of PII. Assenagon Asset Management S.A. acquired a new position in Polaris during the 4th quarter worth $2,211,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Polaris by 25.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company's stock valued at $243,000 after purchasing an additional 866 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Polaris by 7.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 8,351 shares of the company's stock valued at $481,000 after purchasing an additional 588 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Polaris by 10.6% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 10,359 shares of the company's stock valued at $597,000 after purchasing an additional 989 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Polaris in the 4th quarter valued at $300,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets cut their price target on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Roth Mkm cut their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. UBS Group cut their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Polaris has a consensus rating of "Hold" and a consensus price target of $45.36.

Polaris Trading Up 2.6%

Polaris stock traded up $0.98 during mid-day trading on Friday, hitting $39.24. 1,087,198 shares of the company's stock were exchanged, compared to its average volume of 1,162,317. The firm has a market capitalization of $2.21 billion, a P/E ratio of 20.02, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $88.00. 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 company's 50 day simple moving average is $37.31 and its 200-day simple moving average is $49.96.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The company's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. On average, equities analysts anticipate 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 issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.

Polaris Company 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.