Polaris Inc. (NYSE:PII) Stock Position Boosted by Caprock Group LLC

Caprock Group LLC lifted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 174.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,531 shares of the company's stock after buying an additional 6,693 shares during the period. Caprock Group LLC's holdings in Polaris were worth $607,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. raised its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after purchasing an additional 389 shares during the period. Quarry LP boosted its holdings in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Up 0.4 %

PII traded up $0.16 during trading on Thursday, hitting $45.44. The company had a trading volume of 1,249,507 shares, compared to its average volume of 1,921,420. Polaris Inc. has a 1-year low of $43.20 and a 1-year high of $100.91. 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 company has a market cap of $2.53 billion, a PE ratio of 23.19, a P/E/G ratio of 14.51 and a beta of 1.50. The business has a 50-day moving average of $57.13 and a 200-day moving average of $70.82.

Polaris (NYSE:PII - Get Free Report) last issued 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%. As a group, analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 5.90%. Polaris's dividend payout ratio (DPR) is presently 134.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PII shares. UBS Group dropped their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday. Robert W. Baird reduced their target price on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a report on Monday, December 30th. Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. DA Davidson reduced their price objective on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $66.17.

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.