7,589 Shares in Polaris Inc. (NYSE:PII) Purchased by Wynn Capital LLC

Wynn Capital LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,589 shares of the company’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PII. Qube Research & Technologies Ltd increased its position in Polaris by 276.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock worth $37,845,000 after purchasing an additional 266,887 shares in the last quarter. AQR Capital Management LLC grew its holdings in Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock valued at $44,168,000 after buying an additional 255,777 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after buying an additional 202,794 shares during the period. Lazard Asset Management LLC grew its holdings in Polaris by 4,928.2% in the 3rd quarter. Lazard Asset Management LLC now owns 138,275 shares of the company’s stock valued at $14,399,000 after buying an additional 135,525 shares during the period. Finally, Invesco Ltd. grew its holdings in Polaris by 41.7% in the 3rd quarter. Invesco Ltd. now owns 274,342 shares of the company’s stock valued at $28,570,000 after buying an additional 80,788 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

PII has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, April 8th. DA Davidson restated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Finally, KeyCorp reduced their price objective on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and a consensus target price of $100.27.

Polaris Stock Performance

Shares of NYSE PII traded down $1.29 during trading on Wednesday, reaching $85.21. The stock had a trading volume of 1,176,846 shares, compared to its average volume of 693,952. Polaris Inc. has a one year low of $82.00 and a one year high of $138.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.46 and a current ratio of 1.39. The stock has a market cap of $4.81 billion, a PE ratio of 9.79, a P/E/G ratio of 2.39 and a beta of 1.60. The firm’s 50 day moving average price is $92.86 and its two-hundred day moving average price is $91.61.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business earned $2.05 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. On average, research analysts forecast that Polaris Inc. will post 7.97 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.66 per share. This is an increase from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s dividend payout ratio is presently 30.34%.

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.