Quantbot Technologies LP Lowers Stock Position in Polaris Inc. (NYSE:PII)

Quantbot Technologies LP lessened its stake in Polaris Inc. (NYSE:PII) by 44.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,661 shares of the company’s stock after selling 16,558 shares during the quarter. Quantbot Technologies LP’s holdings in Polaris were worth $1,720,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PII. Venturi Wealth Management LLC lifted its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares during the last quarter. Blue Trust Inc. raised its position in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Signaturefd LLC lifted its stake in Polaris by 1,931.3% during the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after purchasing an additional 618 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Polaris in the 2nd quarter worth about $57,000. Finally, National Bank of Canada FI increased its position in shares of Polaris by 27.9% during the 2nd quarter. National Bank of Canada FI now owns 918 shares of the company’s stock valued at $69,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Trading Up 1.2 %

PII opened at $69.10 on Friday. Polaris Inc. has a one year low of $64.56 and a one year high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The business has a 50 day simple moving average of $74.97 and a two-hundred day simple moving average of $78.77. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 7.13 and a beta of 1.52.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the business earned $2.71 EPS. The business’s revenue was down 23.4% compared to the same quarter last year. Analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

Analysts Set New Price Targets

PII has been the subject of several research reports. KeyCorp cut their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. DA Davidson decreased their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their price target on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Polaris from a “sell” rating to a “hold” rating in a report on Thursday. 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, the company presently has a consensus rating of “Hold” and an average price target of $87.09.

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.