KLP Kapitalforvaltning AS Invests $611,000 in Polaris Inc. (NYSE:PII)

KLP Kapitalforvaltning AS bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,600 shares of the company's stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXQ Capital LP lifted its holdings in shares of Polaris by 92.0% during the 4th quarter. AXQ Capital LP now owns 16,120 shares of the company's stock worth $929,000 after acquiring an additional 7,725 shares during the period. Sei Investments Co. boosted its holdings in shares of Polaris by 52.2% in the 4th quarter. Sei Investments Co. now owns 13,690 shares of the company's stock worth $789,000 after acquiring an additional 4,694 shares in the last quarter. American Century Companies Inc. lifted its stake 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 during the period. Quantbot Technologies LP boosted its holdings in Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock valued at $2,071,000 after acquiring an additional 15,283 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in Polaris by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 223,847 shares of the company's stock worth $12,898,000 after purchasing an additional 2,366 shares during the period. 88.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have recently issued reports on PII shares. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Morgan Stanley reissued an "equal weight" rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Finally, Bank of America cut their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.50.

Polaris Stock Down 5.1 %

NYSE PII traded down $1.86 during trading hours on Monday, reaching $34.85. 2,705,090 shares of the company's stock were exchanged, compared to its average volume of 1,024,212. 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 Inc. has a one year low of $33.61 and a one year high of $100.00. The company's 50-day moving average is $43.98 and its two-hundred day moving average is $59.35. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's dividend payout ratio 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.