Kennedy Capital Management LLC Increases Stock Position in Polaris Inc. (NYSE:PII)

Kennedy Capital Management LLC raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 104.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,877 shares of the company's stock after buying an additional 55,528 shares during the period. Kennedy Capital Management LLC owned 0.20% of Polaris worth $6,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC boosted its position in shares of Polaris by 20.2% in the third quarter. HighTower Advisors LLC now owns 4,350 shares of the company's stock valued at $361,000 after acquiring an additional 731 shares during the period. Stifel Financial Corp increased its stake in shares of Polaris by 11.8% in the third quarter. Stifel Financial Corp now owns 103,061 shares of the company's stock valued at $8,579,000 after buying an additional 10,843 shares during the period. Wellington Management Group LLP increased its position in Polaris by 11.1% in the 3rd quarter. Wellington Management Group LLP now owns 20,236 shares of the company's stock valued at $1,684,000 after acquiring an additional 2,019 shares during the period. National Bank of Canada FI lifted its holdings in Polaris by 19.9% during 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. Finally, Public Employees Retirement System of Ohio boosted its holdings in Polaris by 93.5% in the third quarter. Public Employees Retirement System of Ohio now owns 38,527 shares of the company's stock valued at $3,207,000 after acquiring an additional 18,619 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Remove Ads

Polaris Price Performance

Shares of NYSE PII traded down $1.09 during trading hours on Tuesday, reaching $32.93. 2,017,294 shares of the stock traded hands, compared to its average volume of 1,071,506. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $90.62. 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 company's 50-day simple moving average is $41.87 and its two-hundred day simple moving average is $56.90. The company has a market capitalization of $1.85 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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 research analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently announced 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 positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.14%. Polaris's dividend payout ratio (DPR) is presently 136.73%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PII shares. BMO Capital Markets dropped their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. UBS Group cut their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. KeyCorp lowered shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Finally, Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Polaris currently has an average rating of "Hold" and an average price target of $50.64.

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.