Dimensional Fund Advisors LP Buys 162,958 Shares of Polaris Inc. (NYSE:PII)

Dimensional Fund Advisors LP increased its holdings in Polaris Inc. (NYSE:PII - Free Report) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,070,862 shares of the company's stock after purchasing an additional 162,958 shares during the period. Dimensional Fund Advisors LP owned approximately 1.92% of Polaris worth $61,702,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PII. Quantbot Technologies LP lifted its position 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 buying an additional 15,283 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Polaris by 14.6% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock worth $6,701,000 after purchasing an additional 14,790 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Polaris during the fourth quarter worth approximately $21,776,000. State of Alaska Department of Revenue grew its holdings in Polaris by 371.7% during the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after purchasing an additional 22,835 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Polaris in the fourth quarter valued at approximately $611,000. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Morgan Stanley lowered their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Roth Mkm dropped their price objective on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, StockNews.com raised Polaris from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.36.

Polaris Price Performance

Shares of Polaris stock traded down $0.16 during trading on Tuesday, hitting $33.76. 766,728 shares of the company's stock traded hands, compared to its average volume of 1,119,334. The company has a market cap of $1.90 billion, a PE ratio of 17.23, a PEG ratio of 13.95 and a beta of 1.05. The firm's fifty day moving average price is $38.63 and its 200 day moving average price is $52.06. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data 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. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 7.94%. Polaris's payout ratio is 372.22%.

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.