AXQ Capital LP increased its stake in Polaris Inc. (NYSE:PII - Free Report) by 92.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,120 shares of the company's stock after purchasing an additional 7,725 shares during the period. AXQ Capital LP's holdings in Polaris were worth $929,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. National Bank of Canada FI increased its holdings in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock valued at $92,000 after buying an additional 183 shares during the period. Nordea Investment Management AB boosted its position in shares of Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after acquiring an additional 183 shares in the last quarter. Quarry LP increased its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after purchasing an additional 263 shares in the last quarter. Finally, Xponance Inc. lifted its stake in Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.
Polaris Trading Up 3.2 %
Shares of NYSE PII traded up $1.33 during trading on Wednesday, reaching $42.95. The company had a trading volume of 1,199,782 shares, compared to its average volume of 967,614. The stock has a market cap of $2.41 billion, a P/E ratio of 21.91, a PEG ratio of 13.95 and a beta of 1.54. The company's fifty day moving average price is $46.46 and its 200-day moving average price is $61.83. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. 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 released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.
Polaris Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.67 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.24%. This is a boost from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is 136.73%.
Analyst Ratings Changes
A number of research firms have recently commented on PII. Citigroup cut Polaris from a "neutral" rating to a "sell" rating and lowered their price target 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 target price (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $54.00 price target on shares of Polaris in a report on Monday, March 17th. BMO Capital Markets lowered their price objective on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group cut their target price on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Polaris currently has an average rating of "Hold" and an average price target of $59.83.
View Our Latest Stock Report on PII
Polaris Company Profile
(
Free Report)
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.
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