American Century Companies Inc. Boosts Stock Position in Polaris Inc. (NYSE:PII)

American Century Companies Inc. boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 32.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 995,872 shares of the company's stock after purchasing an additional 244,252 shares during the period. American Century Companies Inc. owned about 1.79% of Polaris worth $57,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC raised its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. Quarry LP grew its position in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after buying an additional 677 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PII. UBS Group decreased their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley restated an "equal weight" rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 target price on shares of Polaris in a research note on Monday, March 17th. Finally, Roth Mkm decreased their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.83.

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Polaris Stock Down 4.3 %

Shares of PII stock traded down $1.86 during mid-day trading on Friday, reaching $41.37. 900,054 shares of the company's stock traded hands, compared to its average volume of 989,467. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.32 billion, a P/E ratio of 21.11, a P/E/G ratio of 13.95 and a beta of 1.54. The company's 50-day moving average price is $45.90 and its 200-day moving average price is $61.21. Polaris Inc. has a 12 month low of $39.29 and a 12 month high of $100.91.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal 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 given a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a yield of 6.48%. 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.