California Public Employees Retirement System Sells 10,068 Shares of Polaris Inc. (NYSE:PII)

California Public Employees Retirement System lowered its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,092 shares of the company's stock after selling 10,068 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Polaris worth $5,998,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its position in Polaris by 22.0% in the 3rd quarter. FMR LLC now owns 133,665 shares of the company's stock valued at $11,126,000 after buying an additional 24,103 shares in the last quarter. HighTower Advisors LLC lifted its position in Polaris by 20.2% in the third quarter. HighTower Advisors LLC now owns 4,350 shares of the company's stock worth $361,000 after purchasing an additional 731 shares during the period. Quarry LP lifted 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. Quantinno Capital Management LP boosted its stake in Polaris by 545.1% during the 3rd quarter. Quantinno Capital Management LP now owns 26,803 shares of the company's stock valued at $2,231,000 after purchasing an additional 22,648 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Polaris by 11.8% during the 3rd quarter. Stifel Financial Corp now owns 103,061 shares of the company's stock valued at $8,579,000 after purchasing an additional 10,843 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson dropped their price target on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Bank of America reduced their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $54.00 target price on shares of Polaris in a research report on Monday, March 17th. Finally, Morgan Stanley restated an "equal weight" rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Two equities 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 MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.91.

Polaris Stock Up 2.4 %

NYSE PII traded up $0.79 on Friday, reaching $34.19. The stock had a trading volume of 2,451,768 shares, compared to its average volume of 1,058,731. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $92.35. The business has a 50 day moving average price of $42.35 and a 200 day moving average price of $57.61. 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 company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 13.95 and a beta of 1.32.

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

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. This is a positive change from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's payout ratio is 136.73%.

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.