Polaris Inc. (NYSE:PII) Shares Bought by Kiltearn Partners LLP

Kiltearn Partners LLP boosted its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 77.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 274,200 shares of the company's stock after buying an additional 119,500 shares during the period. Polaris accounts for 2.6% of Kiltearn Partners LLP's investment portfolio, making the stock its 15th largest position. Kiltearn Partners LLP owned 0.49% of Polaris worth $15,799,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in PII. Artisan Partners Limited Partnership boosted its position in shares of Polaris by 132.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after acquiring an additional 513,542 shares during the last quarter. Norges Bank purchased a new position in Polaris during the fourth quarter worth about $24,659,000. Raymond James Financial Inc. acquired a new position in Polaris in the 4th quarter valued at about $21,776,000. American Century Companies Inc. grew its stake in shares of Polaris by 32.5% in the 4th quarter. American Century Companies Inc. now owns 995,872 shares of the company's stock valued at $57,382,000 after buying an additional 244,252 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Polaris by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock worth $44,740,000 after buying an additional 241,926 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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Polaris Stock Up 1.4 %

Shares of PII stock traded up $0.57 during trading hours on Tuesday, reaching $41.51. 285,964 shares of the stock were exchanged, compared to its average volume of 1,673,786. The business's fifty day moving average is $45.61 and its two-hundred day moving average is $60.95. The firm has a market capitalization of $2.33 billion, a P/E ratio of 21.17, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 12-month low of $39.29 and a 12-month high of $100.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

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

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.46%. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris's payout ratio is 136.73%.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Roth Mkm decreased 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. UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Robert W. Baird reduced their price objective on shares of Polaris from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Finally, Bank of America decreased their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and a consensus target price of $59.83.

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.