Landscape Capital Management L.L.C. Sells 10,268 Shares of Polaris Inc. (NYSE:PII)

Landscape Capital Management L.L.C. decreased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 30.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,817 shares of the company's stock after selling 10,268 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Polaris were worth $1,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership grew its stake in shares of Polaris by 132.6% during the fourth 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 in the last quarter. Norges Bank acquired a new position in Polaris in the fourth quarter worth approximately $24,659,000. Raymond James Financial Inc. acquired a new position in shares of Polaris in the 4th quarter valued at $21,776,000. American Century Companies Inc. boosted its position in shares of Polaris by 32.5% in the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company's stock worth $57,382,000 after buying an additional 244,252 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Polaris by 45.3% in the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock valued at $44,740,000 after buying an additional 241,926 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

Shares of PII stock traded down $3.49 on Thursday, hitting $33.19. The company's stock had a trading volume of 937,156 shares, compared to its average volume of 1,044,385. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The company has a market capitalization of $1.86 billion, a PE ratio of 16.96, a PEG ratio of 13.95 and a beta of 1.32. The stock's 50 day moving average is $42.78 and its 200-day moving average is $58.31. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $95.42.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal 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 paid a dividend of $0.67 per share. This is an increase 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 8.07%. Polaris's payout ratio is presently 136.73%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Roth Mkm dropped their price target on shares of 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 reduced their price objective on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lowered shares of Polaris from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $56.00 to $40.00 in a report on Friday, April 4th. Finally, StockNews.com lowered Polaris from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.91.

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.