Amundi Makes New Investment in Polaris Inc. (NYSE:PII)

Amundi bought a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,266 shares of the company's stock, valued at approximately $1,179,000.

Several other hedge funds have also recently made changes to their positions in PII. Larson Financial Group LLC raised its position in Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares during the period. Lindbrook Capital LLC raised its position in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the period. Quarry LP raised its position in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC raised its position in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares during the period. Finally, National Bank of Canada FI raised its position in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after purchasing an additional 183 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. 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. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Finally, Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $49.00 to $33.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.83.

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Polaris Stock Down 0.5 %

Shares of NYSE PII traded down $0.19 during midday trading on Friday, reaching $41.95. 2,628,740 shares of the company's stock traded hands, compared to its average volume of 965,498. 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 stock's 50 day simple moving average is $47.26 and its 200-day simple moving average is $62.78. Polaris Inc. has a one year low of $39.29 and a one year high of $100.91. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 13.95 and a beta of 1.54.

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

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.39%. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's dividend payout ratio (DPR) is 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.