Susquehanna Fundamental Investments LLC Invests $6.65 Million in Polaris Inc. (NYSE:PII)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 115,353 shares of the company's stock, valued at approximately $6,647,000. Susquehanna Fundamental Investments LLC owned about 0.21% of Polaris at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP acquired a new position in Polaris during the fourth quarter valued at $29,000. Larson Financial Group LLC lifted its holdings in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after buying an additional 402 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the last quarter. GAMMA Investing LLC grew its holdings in Polaris by 232.6% during 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 grew its holdings in Polaris by 82.6% during 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 and hedge funds.

Wall Street Analyst Weigh In

PII has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Roth Mkm dropped their price target on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded shares of Polaris from a "sell" rating to a "hold" rating in a research report on Wednesday. Baird R W cut Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Trading Up 2.4 %

PII stock traded up $0.80 during midday trading on Thursday, hitting $34.76. 1,813,125 shares of the company's stock were exchanged, compared to its average volume of 1,113,516. The stock has a market capitalization of $1.95 billion, a PE ratio of 17.73, a P/E/G ratio of 13.95 and a beta of 1.32. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $90.62. The business has a 50-day simple moving average of $39.35 and a two-hundred day simple moving average of $53.47.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business's revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. On average, sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal 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 given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.71%. Polaris's dividend payout ratio is currently 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.