Guggenheim Capital LLC Has $1.54 Million Position in Polaris Inc. (NYSE:PII)

Guggenheim Capital LLC grew its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 66.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,687 shares of the company's stock after acquiring an additional 10,656 shares during the quarter. Guggenheim Capital LLC's holdings in Polaris were worth $1,538,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings 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 during the period. Janney Montgomery Scott LLC boosted its position in Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after acquiring an additional 263 shares during the period. Xponance Inc. increased its holdings in shares of Polaris by 5.1% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after purchasing an additional 288 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock worth $1,435,000 after purchasing an additional 341 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

PII stock traded down $0.85 during mid-day trading on Friday, reaching $34.36. 1,197,812 shares of the stock traded hands, compared to its average volume of 1,087,904. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average of $40.34 and a two-hundred day moving average of $54.74. The firm has a market capitalization of $1.93 billion, a PE ratio of 17.53, a P/E/G ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $90.62.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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, equities analysts predict 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. Shareholders of record on Monday, March 3rd were issued a $0.67 dividend. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 7.80%. Polaris's dividend payout ratio is 136.73%.

Analysts Set New Price Targets

PII has been the topic of several research analyst reports. BMO Capital Markets lowered their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded 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 price target (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, DA Davidson reduced their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Polaris has a consensus rating of "Hold" and a consensus price target of $50.64.

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.