Angeles Wealth Management LLC Acquires New Shares in Polaris Inc. (NYSE:PII)

Angeles Wealth Management LLC acquired a new position in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,875 shares of the company's stock, valued at approximately $1,318,000.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its position in Polaris by 38.2% in the fourth quarter. Empowered Funds LLC now owns 21,413 shares of the company's stock worth $1,234,000 after purchasing an additional 5,918 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Polaris in the 4th quarter valued at $220,000. State of Alaska Department of Revenue lifted its holdings in shares of Polaris by 371.7% during the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock worth $1,669,000 after acquiring an additional 22,835 shares during the period. Caprock Group LLC boosted its position in shares of Polaris by 174.4% during the 4th quarter. Caprock Group LLC now owns 10,531 shares of the company's stock valued at $607,000 after acquiring an additional 6,693 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC increased its stake in Polaris by 33.2% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 86,249 shares of the company's stock valued at $4,970,000 after acquiring an additional 21,508 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Price Performance

Shares of Polaris stock traded up $0.28 during midday trading on Thursday, reaching $44.41. The company had a trading volume of 1,003,092 shares, compared to its average volume of 1,808,931. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $54.90 and a 200 day simple moving average of $69.61. Polaris Inc. has a 1-year low of $42.85 and a 1-year high of $100.91. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 13.80 and a beta of 1.50.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, equities research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is 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 6.03%. Polaris's dividend payout ratio is presently 136.73%.

Wall Street Analyst Weigh In

PII has been the subject of a number of analyst reports. DA Davidson cut their price target on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Citigroup cut their target price on Polaris from $57.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird lowered their price target on Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a research report on Monday, December 30th. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on shares of Polaris from $65.00 to $54.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $66.17.

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.