Natixis Makes New $5.96 Million Investment in Polaris Inc. (NYSE:PII)

Natixis bought a new position in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 103,509 shares of the company's stock, valued at approximately $5,964,000. Natixis owned 0.19% of Polaris at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PII. Larson Financial Group LLC boosted its holdings in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after acquiring an additional 387 shares during the period. GAMMA Investing LLC increased its stake in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Polaris by 82.6% in the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares during the period. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Price Performance

Polaris stock traded up $1.20 during midday trading on Thursday, reaching $35.23. 1,326,018 shares of the stock traded hands, compared to its average volume of 1,087,464. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62. The stock's fifty day moving average is $40.34 and its 200-day moving average is $54.74. The stock has a market cap of $1.98 billion, a P/E ratio of 17.97, a PEG ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share 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, equities research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 7.61%. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio (DPR) is currently 136.73%.

Analyst Ratings Changes

A number of analysts have commented on PII shares. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and lowered their price target for the company from $49.00 to $33.00 in a report on Thursday, March 20th. BMO Capital Markets reduced their price objective on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $54.00 target price on shares of Polaris in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Polaris presently has a consensus rating of "Hold" and a consensus 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.