Oxford Asset Management LLP Acquires Shares of 4,485 Polaris Inc. (NYSE:PII)

Oxford Asset Management LLP bought a new position in Polaris Inc. (NYSE:PII) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,485 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP grew its stake in Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company’s stock worth $2,071,000 after purchasing an additional 15,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Polaris by 14.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company’s stock valued at $6,701,000 after acquiring an additional 14,790 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Polaris in the fourth quarter worth about $21,776,000. State of Alaska Department of Revenue grew its holdings in Polaris by 371.7% during the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after acquiring an additional 22,835 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Polaris during the 4th quarter valued at about $611,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PII shares. UBS Group cut their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Bank of America decreased their price target on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Roth Capital reiterated a “neutral” rating on shares of Polaris in a research note on Tuesday, April 22nd. DA Davidson decreased their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.64.

Polaris Trading Down 2.4 %

Shares of NYSE:PII opened at $34.36 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62. The business has a 50 day moving average of $40.10 and a two-hundred day moving average of $54.07. The company has a market capitalization of $1.93 billion, a PE ratio of 17.53, a PEG ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII) last released its quarterly earnings results 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, analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 yield of 7.80%. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

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.