Quantinno Capital Management LP Has $5.38 Million Stake in Polaris Inc. (NYSE:PII)

Quantinno Capital Management LP increased its stake in shares of Polaris Inc. (NYSE:PII) by 248.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 93,387 shares of the company’s stock after acquiring an additional 66,584 shares during the period. Quantinno Capital Management LP’s holdings in Polaris were worth $5,381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Man Group plc acquired a new position in shares of Polaris during the 4th quarter valued at about $2,527,000. Nomura Holdings Inc. bought a new stake in Polaris during the 4th quarter valued at approximately $401,000. Occudo Quantitative Strategies LP bought a new stake in Polaris during the 4th quarter valued at approximately $607,000. MJP Associates Inc. ADV bought a new stake in Polaris during the 4th quarter valued at approximately $207,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Polaris during the 4th quarter valued at approximately $242,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Price Performance

Polaris stock opened at $39.24 on Friday. 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 company has a market capitalization of $2.21 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. Polaris Inc. has a one year low of $30.92 and a one year high of $88.00. The business has a 50 day simple moving average of $37.31 and a 200 day simple moving average of $49.96.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Polaris’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. On average, sell-side analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 6.83%. Polaris’s payout ratio is 372.22%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Baird R W downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Citigroup lowered Polaris from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Robert W. Baird decreased their price objective on Polaris from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada decreased their price objective on Polaris from $54.00 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 30th. Finally, Roth Mkm decreased their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $45.36.

About Polaris

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.