Nuance Investments LLC bought a new stake in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 109,411 shares of the company's stock, valued at approximately $6,304,000. Nuance Investments LLC owned 0.20% of Polaris at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PII. Larson Financial Group LLC boosted its stake in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after acquiring an additional 402 shares in the last quarter. Twin Tree Management LP purchased a new position in Polaris during the 4th quarter worth approximately $29,000. Lindbrook Capital LLC increased its position in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. Quarry LP lifted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after buying an additional 677 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Bank of America cut their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Morgan Stanley reiterated an "equal weight" rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Polaris currently has an average rating of "Hold" and a consensus target price of $59.83.
Check Out Our Latest Stock Analysis on Polaris
Polaris Price Performance
PII stock traded down $1.86 during midday trading on Friday, hitting $41.37. 900,054 shares of the stock were exchanged, compared to its average volume of 989,467. The stock's 50-day moving average price is $45.90 and its 200-day moving average price is $61.33. 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 stock has a market cap of $2.32 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 13.95 and a beta of 1.54. Polaris Inc. has a fifty-two week low of $39.29 and a fifty-two week high of $100.91.
Polaris (NYSE:PII - Get Free Report) last released 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 return on equity of 13.78% and a net margin of 1.54%. Research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.
Polaris Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share. This is an increase from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Monday, March 3rd. Polaris's payout ratio is currently 136.73%.
About Polaris
(
Free Report)
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.
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