State of New Jersey Common Pension Fund D Increases Stake in Polaris Inc. (NYSE:PII)

State of New Jersey Common Pension Fund D increased its holdings in Polaris Inc. (NYSE:PII - Free Report) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,883 shares of the company's stock after purchasing an additional 9,047 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Polaris worth $1,837,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after buying an additional 294 shares during the period. Quarry LP boosted its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after buying an additional 253 shares during the period. Blue Trust Inc. boosted its stake in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after buying an additional 389 shares during the period. GAMMA Investing LLC boosted its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares during the period. Finally, National Bank of Canada FI boosted its stake in Polaris by 19.9% during the third 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. Institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

PII has been the subject of several recent analyst reports. BMO Capital Markets dropped 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. Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research note on Monday, December 30th. DA Davidson lowered their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Morgan Stanley reissued an "equal weight" rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, Roth Mkm lowered their target price on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have given 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 an average price target of $66.17.

Polaris Stock Up 0.1 %

Polaris stock traded up $0.03 during midday trading on Friday, hitting $44.88. 1,519,183 shares of the company's stock were exchanged, compared to its average volume of 1,708,322. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 12 month low of $42.85 and a 12 month high of $100.91. The firm has a 50-day moving average of $51.57 and a two-hundred day moving average of $67.21. The company has a market cap of $2.52 billion, a PE ratio of 22.90, a P/E/G ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII - Get Free Report) last issued its 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%. As a group, analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.67 dividend. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Monday, March 3rd. Polaris's dividend payout ratio (DPR) is currently 136.73%.

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.