Polaris Inc. (NYSE:PII) Shares Purchased by RBF Capital LLC

RBF Capital LLC raised its stake in Polaris Inc. (NYSE:PII - Free Report) by 150.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company's stock after purchasing an additional 15,000 shares during the period. RBF Capital LLC's holdings in Polaris were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after acquiring an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after purchasing an additional 241 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after purchasing an additional 263 shares during the last quarter. Xponance Inc. grew its stake in shares of Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after purchasing an additional 288 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent analyst reports. Robert W. Baird downgraded Polaris from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $56.00 to $40.00 in a report on Friday, April 4th. Roth Mkm cut their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and reduced their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Finally, BMO Capital Markets dropped their price objective on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $50.64.

Polaris Price Performance

Shares of NYSE:PII opened at $34.28 on Wednesday. The company has a 50-day moving average price of $40.75 and a 200 day moving average price of $55.19. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $90.62. The company has a market cap of $1.92 billion, a P/E ratio of 17.49, a PEG ratio of 13.95 and a beta of 1.32. 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 (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 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 company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.82%. The ex-dividend date was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's payout ratio is 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.

Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc. (NYSE:PII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.