Polaris Inc. (NYSE:PII) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,796 shares of the company's stock after purchasing an additional 14,830 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.29% of Polaris worth $9,323,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company's stock worth $188,371,000 after acquiring an additional 69,844 shares in the last quarter. Bank of New York Mellon Corp raised its position in Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock valued at $44,740,000 after purchasing an additional 241,926 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Polaris in the fourth quarter worth about $21,776,000. Finally, Eubel Brady & Suttman Asset Management Inc. boosted its position in shares of Polaris by 34.8% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 265,517 shares of the company's stock worth $15,299,000 after buying an additional 68,537 shares during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

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Polaris Stock Performance

Shares of Polaris stock traded down $0.05 during trading hours on Wednesday, reaching $42.56. The company's stock had a trading volume of 1,126,020 shares, compared to its average volume of 949,482. The stock has a market cap of $2.39 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris Inc. has a one year low of $39.79 and a one year high of $100.91. The company's 50 day simple moving average is $48.03 and its 200 day simple moving average is $63.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII - Get Free Report) last posted 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%. As a group, analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.30%. Polaris's payout ratio is 136.73%.

Wall Street Analyst Weigh In

Several research firms recently commented on PII. Robert W. Baird reduced their price target on Polaris from $64.00 to $56.00 and set an "outperform" rating on the stock in a research report on Monday. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 target price on shares of Polaris in a research note on Monday. UBS Group dropped their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Finally, Roth Mkm cut their price target on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.50.

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.