Semanteon Capital Management LP Buys New Stake in Polaris Inc. (NYSE:PII)

Semanteon Capital Management LP purchased a new position in Polaris Inc. (NYSE:PII) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,402 shares of the company’s stock, valued at approximately $1,270,000. Polaris makes up approximately 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in PII. BKM Wealth Management LLC bought a new position in shares of Polaris during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its position in Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. Orion Capital Management LLC bought a new position in Polaris during the third quarter valued at $46,000. Impact Partnership Wealth LLC purchased a new position in shares of Polaris in the 3rd quarter worth $50,000. Finally, Concord Wealth Partners bought a new stake in shares of Polaris in the 3rd quarter worth about $66,000. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday. Bank of America began coverage on Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price objective for the company. BMO Capital Markets dropped their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Citigroup decreased their price target on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $100.27.

Polaris Stock Down 2.2 %

Shares of PII stock traded down $1.85 on Thursday, hitting $83.36. The stock had a trading volume of 2,505,858 shares, compared to its average volume of 716,597. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $92.75 and a 200 day moving average price of $91.57. The company has a market cap of $4.71 billion, a PE ratio of 12.14, a P/E/G ratio of 2.35 and a beta of 1.60. Polaris Inc. has a one year low of $82.00 and a one year high of $138.49.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. Research analysts anticipate that Polaris Inc. will post 7.97 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is currently 38.71%.

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.