ProShare Advisors LLC Raises Stake in Polaris Inc. (NYSE:PII)

ProShare Advisors LLC increased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 472,337 shares of the company's stock after acquiring an additional 34,015 shares during the quarter. ProShare Advisors LLC owned about 0.85% of Polaris worth $27,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantinno Capital Management LP boosted its position in Polaris by 248.4% during the fourth quarter. Quantinno Capital Management LP now owns 93,387 shares of the company's stock worth $5,381,000 after acquiring an additional 66,584 shares during the last quarter. Man Group plc acquired a new position in Polaris during the fourth quarter worth about $2,527,000. Nomura Holdings Inc. acquired a new position in Polaris during the fourth quarter worth about $401,000. Occudo Quantitative Strategies LP acquired a new position in Polaris during the fourth quarter worth about $607,000. Finally, MJP Associates Inc. ADV acquired a new position in Polaris in the 4th quarter valued at about $207,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Up 0.1%

Shares of PII traded up $0.03 during midday trading on Thursday, reaching $38.67. The stock had a trading volume of 281,784 shares, compared to its average volume of 1,170,942. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $88.00. The company's fifty day simple moving average is $37.09 and its two-hundred day simple moving average is $49.46. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 13.95 and a beta of 1.05. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned $0.23 EPS. The company's revenue was down 11.6% on a year-over-year basis. Equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is 372.22%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price target 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. Bank of America reduced their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.82.

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.