Polaris Inc. (NYSE:PII) Stake Raised by Empowered Funds LLC

Empowered Funds LLC increased its position in Polaris Inc. (NYSE:PII - Free Report) by 38.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,413 shares of the company's stock after purchasing an additional 5,918 shares during the period. Empowered Funds LLC's holdings in Polaris were worth $1,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PII. State of Alaska Department of Revenue raised its stake in Polaris by 371.7% during the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after acquiring an additional 22,835 shares during the last quarter. Caprock Group LLC raised its stake in Polaris by 174.4% during the 4th quarter. Caprock Group LLC now owns 10,531 shares of the company's stock valued at $607,000 after acquiring an additional 6,693 shares during the last quarter. Kiltearn Partners LLP raised its stake in Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company's stock valued at $12,877,000 after acquiring an additional 92,300 shares during the last quarter. FMR LLC raised its stake in Polaris by 22.0% during the 3rd quarter. FMR LLC now owns 133,665 shares of the company's stock valued at $11,126,000 after acquiring an additional 24,103 shares during the last quarter. Finally, Quantinno Capital Management LP raised 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 acquiring an additional 22,648 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Down 1.2 %

NYSE:PII traded down $0.54 during mid-day trading on Thursday, hitting $45.83. The company had a trading volume of 1,205,911 shares, compared to its average volume of 1,730,376. The business has a fifty day simple moving average of $53.33 and a 200-day simple moving average of $68.53. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 1 year low of $42.85 and a 1 year high of $100.91. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 14.07 and a beta of 1.50.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data 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%. Equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.85%. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris's dividend payout ratio (DPR) is 134.69%.

Wall Street Analyst Weigh In

PII has been the subject of several analyst reports. Roth Mkm reduced their price objective on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Citigroup lowered their price target on Polaris from $57.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Robert W. Baird lowered their price target on Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a report on Monday, December 30th. StockNews.com cut Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Finally, DA Davidson reduced their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.