Quantbot Technologies LP Raises Holdings in Polaris Inc. $PII

Quantbot Technologies LP increased its position in Polaris Inc. (NYSE:PII) by 24.1% in the 2nd quarter, Holdings Channel reports. The firm owned 47,736 shares of the company’s stock after buying an additional 9,282 shares during the period. Quantbot Technologies LP’s holdings in Polaris were worth $1,940,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Auto Owners Insurance Co increased its position in Polaris by 13,103.2% during the second quarter. Auto Owners Insurance Co now owns 1,035,000 shares of the company’s stock worth $42,073,000 after buying an additional 1,027,161 shares during the period. Select Equity Group L.P. boosted its holdings in shares of Polaris by 142.1% in the first quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock valued at $66,346,000 after acquiring an additional 951,195 shares during the period. Invesco Ltd. grew its position in shares of Polaris by 352.5% during the first quarter. Invesco Ltd. now owns 902,751 shares of the company’s stock worth $36,959,000 after acquiring an additional 703,240 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Polaris by 98.0% in the 2nd quarter. ProShare Advisors LLC now owns 1,119,487 shares of the company’s stock valued at $45,507,000 after acquiring an additional 553,964 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Polaris by 12,099.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company’s stock valued at $21,016,000 after acquiring an additional 509,135 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “market perform” rating and set a $70.00 price target on shares of Polaris in a research note on Wednesday, October 29th. Robert W. Baird upped their target price on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Citigroup increased their target price on shares of Polaris from $60.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Polaris in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and an average target price of $55.25.

Polaris Stock Performance

Shares of PII stock opened at $67.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.36 and a debt-to-equity ratio of 1.13. The stock has a 50 day simple moving average of $65.00 and a 200-day simple moving average of $54.91. The company has a market cap of $3.80 billion, a price-to-earnings ratio of -25.48 and a beta of 1.12. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $75.25.

Polaris (NYSE:PII) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. Polaris had a positive return on equity of 3.89% and a negative net margin of 2.17%.Polaris’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, equities analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, December 1st. Polaris’s dividend payout ratio (DPR) is currently -101.13%.

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.