Quantbot Technologies LP Raises Holdings in Polaris Inc. (NYSE:PII)

Quantbot Technologies LP boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 312.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 37,219 shares of the company’s stock after buying an additional 28,189 shares during the quarter. Quantbot Technologies LP’s holdings in Polaris were worth $2,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lantz Financial LLC raised its stake in shares of Polaris by 0.8% in the 1st quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after acquiring an additional 114 shares during the period. JLB & Associates Inc. raised its position in Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after purchasing an additional 120 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Polaris by 2.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock worth $586,000 after buying an additional 172 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Polaris by 1.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock worth $1,262,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the topic of several research reports. DA Davidson raised Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Thursday, July 25th. Longbow Research reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Finally, Truist Financial dropped their price target on shares of Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.18.

Polaris Price Performance

Shares of NYSE:PII opened at $84.62 on Wednesday. Polaris Inc. has a one year low of $71.90 and a one year high of $108.02. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 6.92 and a beta of 1.51. The company has a 50-day simple moving average of $81.32 and a 200-day simple moving average of $84.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a net margin of 3.98% and a return on equity of 26.38%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The firm’s revenue was down 11.5% on a year-over-year basis. On average, analysts predict that Polaris Inc. will post 3.79 EPS for the current year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.12%. Polaris’s dividend payout ratio is currently 38.71%.

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.