Artisan Partners Limited Partnership Has $51.91 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Artisan Partners Limited Partnership lifted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 132.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900,891 shares of the company's stock after purchasing an additional 513,542 shares during the period. Artisan Partners Limited Partnership owned approximately 1.62% of Polaris worth $51,909,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings 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 in the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris during the fourth quarter valued at $29,000. Lindbrook Capital LLC boosted its holdings in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. Quarry LP increased its position in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Polaris by 232.6% during 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 last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Up 0.9 %

Shares of PII traded up $0.38 during midday trading on Tuesday, hitting $41.32. The stock had a trading volume of 169,592 shares, compared to its average volume of 988,971. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The company has a 50 day simple moving average of $45.61 and a two-hundred day simple moving average of $60.95. Polaris Inc. has a twelve month low of $39.29 and a twelve month high of $100.91.

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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%. On average, analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently announced 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 of this dividend was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.49%. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio (DPR) is 136.73%.

Wall Street Analyst Weigh In

PII has been the topic of several recent research reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $54.00 target price on shares of Polaris in a report on Monday, March 17th. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and cut their price target for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. UBS Group dropped their price objective on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Two 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $59.83.

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.