Schonfeld Strategic Advisors LLC acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,241 shares of the company's stock, valued at approximately $1,627,000. Schonfeld Strategic Advisors LLC owned about 0.05% of Polaris as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in Polaris during the 4th quarter valued at $29,000. Lindbrook Capital LLC lifted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after acquiring an additional 387 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after acquiring an additional 677 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after acquiring an additional 460 shares during the period. 88.06% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. DA Davidson decreased their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Roth Mkm reduced their price target on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. StockNews.com downgraded Polaris from a "hold" rating to a "sell" rating in a research report on Thursday. Robert W. Baird dropped their price objective on Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup lowered Polaris from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.36.
Read Our Latest Stock Report on Polaris
Polaris Trading Up 7.5%
NYSE PII traded up $2.72 during trading on Monday, hitting $39.09. 1,057,451 shares of the company's stock traded hands, compared to its average volume of 1,142,183. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The stock has a fifty day moving average of $37.95 and a two-hundred day moving average of $50.99. The firm has a market cap of $2.20 billion, a P/E ratio of 20.05, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62.
Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts' consensus estimates 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 net margin of 1.54% and a return on equity of 13.78%. The firm's revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. As a group, sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current year.
Polaris Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's payout ratio is 372.22%.
Polaris Company Profile
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Free Report)
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.
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