Quantbot Technologies LP Sells 16,558 Shares of Polaris Inc. (NYSE:PII)

Quantbot Technologies LP trimmed its position in Polaris Inc. (NYSE:PII) by 44.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,661 shares of the company’s stock after selling 16,558 shares during the period. Quantbot Technologies LP’s holdings in Polaris were worth $1,720,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PII. American Century Companies Inc. increased its position in shares of Polaris by 311.6% during the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after acquiring an additional 292,992 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in Polaris in the 2nd quarter valued at $15,363,000. RWWM Inc. grew its stake in Polaris by 192.3% in the 2nd quarter. RWWM Inc. now owns 272,452 shares of the company’s stock valued at $21,334,000 after purchasing an additional 179,244 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird reduced their target price 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. DA Davidson decreased their price target on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Finally, KeyCorp decreased their target price on Polaris from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Up 1.2 %

Shares of NYSE PII opened at $69.10 on Friday. The business has a 50-day simple moving average of $74.97 and a two-hundred day simple moving average of $78.77. Polaris Inc. has a 52 week low of $64.56 and a 52 week high of $100.91. The company has a market cap of $3.85 billion, a P/E ratio of 19.30, a P/E/G ratio of 7.13 and a beta of 1.52. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. Polaris’s revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.71 earnings per share. Research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.66 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.82%. Polaris’s dividend payout ratio (DPR) is presently 73.74%.

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.