Bank of Montreal Can Has $6.61 Million Stock Position in Polaris Inc. (NYSE:PII)

Bank of Montreal Can trimmed its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,671 shares of the company's stock after selling 46,908 shares during the period. Bank of Montreal Can owned 0.21% of Polaris worth $6,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after acquiring an additional 183 shares in the last quarter. National Bank of Canada FI increased its holdings in Polaris by 19.9% during 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 last quarter. Janney Montgomery Scott LLC raised its position in shares of Polaris by 7.9% in the 4th 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. Xponance Inc. boosted its stake in shares of Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after buying an additional 288 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Polaris by 10.9% during the 3rd quarter. M&T Bank Corp now owns 3,141 shares of the company's stock worth $261,000 after acquiring an additional 309 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PII. Robert W. Baird downgraded Polaris from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $56.00 to $40.00 in a report on Friday, April 4th. StockNews.com cut Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an "equal weight" rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. UBS Group reduced their price target 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. Finally, Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.64.

Polaris Stock Performance

PII stock traded up $0.73 during trading on Friday, reaching $33.09. 1,575,223 shares of the company's stock were exchanged, compared to its average volume of 1,080,484. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $90.62. The firm has a market cap of $1.86 billion, a PE ratio of 16.88, a P/E/G ratio of 13.95 and a beta of 1.32. The company's fifty day moving average price is $41.18 and its 200-day moving average price is $56.04. 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 (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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, research analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued 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 dividend yield of 8.10%. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is presently 136.73%.

Polaris Company 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.