RWWM Inc. Has $51.26 Million Stock Holdings in Polaris Inc. (NYSE:PII)

RWWM Inc. increased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 377.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 889,698 shares of the company's stock after buying an additional 703,322 shares during the quarter. Polaris comprises about 4.7% of RWWM Inc.'s holdings, making the stock its 8th largest position. RWWM Inc. owned approximately 1.60% of Polaris worth $51,264,000 as of its most recent filing with the Securities & Exchange Commission.

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

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PII shares. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Morgan Stanley reissued an "equal weight" rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $49.00 to $33.00 in a research report on Thursday, March 20th. Robert W. Baird lowered Polaris from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $56.00 to $40.00 in a research report on Friday, April 4th. Finally, Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.64.

Polaris Stock Down 1.7 %

NYSE PII traded down $0.55 during trading hours on Wednesday, reaching $32.40. 1,435,104 shares of the company traded hands, compared to its average volume of 1,074,554. The stock has a market capitalization of $1.82 billion, a PE ratio of 16.53, a PEG ratio of 13.95 and a beta of 1.32. The company has a current ratio of 1.15, a quick ratio of 0.39 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 company has a 50 day moving average of $41.64 and a two-hundred day moving average of $56.73.

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

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 8.27%. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris's dividend payout ratio is 136.73%.

Polaris 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.