Polaris Inc. (NYSE:PII) Shares Purchased by Southernsun Asset Management LLC

Southernsun Asset Management LLC raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 284,957 shares of the company's stock after acquiring an additional 52,988 shares during the quarter. Polaris makes up about 2.0% of Southernsun Asset Management LLC's portfolio, making the stock its 20th largest holding. Southernsun Asset Management LLC owned about 0.51% of Polaris worth $16,419,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB boosted its stake in Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after buying an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after acquiring an additional 241 shares during the period. Janney Montgomery Scott LLC boosted its position in Polaris by 7.9% in the fourth 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. raised its stake in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after buying an additional 288 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after acquiring an additional 341 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Trading Up 3.5 %

NYSE:PII traded up $1.20 on Thursday, hitting $35.23. The stock had a trading volume of 1,326,018 shares, compared to its average volume of 1,087,464. The company has a fifty day moving average price of $40.34 and a two-hundred day moving average price of $54.74. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $90.62.

Polaris (NYSE:PII - Get Free Report) last posted 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 return on equity of 13.78% and a net margin of 1.54%. Equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.61%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris's payout ratio is presently 136.73%.

Analyst Ratings Changes

PII has been the subject of a number of analyst reports. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and lowered their price target for the company from $49.00 to $33.00 in a report on Thursday, March 20th. Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lowered shares of Polaris from an "outperform" rating to a "neutral" rating and cut their price target for the company from $56.00 to $40.00 in a research note on Friday, April 4th. DA Davidson reduced their price objective on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note 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 equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.64.

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.