6,848 Shares in Polaris Inc. (NYSE:PII) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in Polaris Inc. (NYSE:PII) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,848 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PII. Artisan Partners Limited Partnership grew its stake in shares of Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock worth $51,909,000 after buying an additional 513,542 shares during the last quarter. Norges Bank purchased a new stake in shares of Polaris in the fourth quarter worth $24,659,000. Raymond James Financial Inc. bought a new stake in Polaris during the 4th quarter valued at about $21,776,000. American Century Companies Inc. increased its position in shares of Polaris by 32.5% during the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company’s stock valued at $57,382,000 after acquiring an additional 244,252 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after purchasing an additional 241,926 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 target price on shares of Polaris in a report on Monday, March 17th. Robert W. Baird downgraded Polaris from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $40.00 in a research note on Friday, April 4th. Roth Mkm reduced their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Bank of America dropped their target price on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.91.

Polaris Price Performance

Shares of NYSE:PII opened at $34.19 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 13.95 and a beta of 1.32. The firm has a fifty day moving average price of $42.35 and a 200 day moving average price of $57.61. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $92.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.84%. Polaris’s dividend payout ratio (DPR) is 136.73%.

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.