Raymond James Financial Inc. Takes Position in Polaris Inc. (NYSE:PII)

Raymond James Financial Inc. acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 377,919 shares of the company's stock, valued at approximately $21,776,000. Raymond James Financial Inc. owned 0.68% of Polaris as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after buying an additional 402 shares during the period. Twin Tree Management LP bought a new position in Polaris in the 4th quarter valued at $29,000. Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the period. GAMMA Investing LLC grew its position in Polaris by 232.6% during 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 period. Finally, Signaturefd LLC raised its position in Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after acquiring an additional 460 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Up 1.7 %

PII stock traded up $0.58 on Thursday, reaching $34.61. The company's stock had a trading volume of 407,326 shares, compared to its average volume of 1,084,218. 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 business has a fifty day simple moving average of $40.53 and a two-hundred day simple moving average of $55.05. The firm has a market cap of $1.94 billion, a PE ratio of 17.64, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.74%. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's payout ratio is 136.73%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PII shares. Royal Bank of Canada restated a "sector perform" rating and issued a $54.00 target price on shares of Polaris in a research note on Monday, March 17th. UBS Group dropped their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. DA Davidson reduced their price objective 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. KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered Polaris from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $56.00 to $40.00 in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $50.64.

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.