Van ECK Associates Corp Purchases 53,438 Shares of Polaris Inc. (NYSE:PII)

Van ECK Associates Corp boosted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 130.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,404 shares of the company's stock after purchasing an additional 53,438 shares during the quarter. Van ECK Associates Corp owned 0.17% of Polaris worth $5,440,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PII. The Manufacturers Life Insurance Company boosted its position in shares of Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company's stock worth $188,371,000 after purchasing an additional 69,844 shares in the last quarter. Confluence Investment Management LLC raised its stake in Polaris by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company's stock worth $86,516,000 after buying an additional 6,724 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after acquiring an additional 171,366 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Polaris by 9.9% during the third quarter. Systematic Financial Management LP now owns 229,565 shares of the company's stock worth $19,109,000 after acquiring an additional 20,695 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in Polaris by 0.4% in the third quarter. Royal London Asset Management Ltd. now owns 221,481 shares of the company's stock valued at $18,436,000 after acquiring an additional 818 shares during the period. Institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PII. Roth Mkm lowered their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a report on Wednesday, January 29th. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, BMO Capital Markets lowered their price objective on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $66.17.

Polaris Stock Performance

PII stock traded up $0.70 during midday trading on Friday, reaching $46.56. 2,525,513 shares of the company were exchanged, compared to its average volume of 1,753,861. Polaris Inc. has a one year low of $42.85 and a one year high of $100.91. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 14.11 and a beta of 1.50. The business has a 50-day moving average price of $52.95 and a two-hundred day moving average price of $68.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS 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%. Equities research analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66. Polaris's payout ratio is presently 134.69%.

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.