Vanguard Group Inc. Acquires 39,858 Shares of Polaris Inc. (NYSE:PII)

Vanguard Group Inc. increased its stake in Polaris Inc. (NYSE:PII - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,642,463 shares of the company's stock after purchasing an additional 39,858 shares during the period. Vanguard Group Inc. owned approximately 10.12% of Polaris worth $325,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PII. Larson Financial Group LLC increased its holdings in 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 acquired a new stake in shares of Polaris during the 4th quarter worth approximately $29,000. Lindbrook Capital LLC increased its stake in 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 during the last quarter. Quarry LP raised its position in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird lowered Polaris from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $56.00 to $40.00 in a research note on Friday. Bank of America decreased their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. DA Davidson reduced their price target on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday. Two investment 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 MarketBeat.com, Polaris currently has a consensus rating of "Hold" and an average target price of $58.50.

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Polaris Trading Down 9.2 %

PII traded down $3.21 during midday trading on Tuesday, hitting $31.79. 2,291,625 shares of the company were exchanged, compared to its average volume of 1,031,450. The firm's 50 day moving average price is $43.25 and its 200-day moving average price is $58.79. Polaris Inc. has a 1-year low of $31.60 and a 1-year high of $98.99. The firm has a market capitalization of $1.78 billion, a P/E ratio of 16.22, a P/E/G 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 posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 8.43%. Polaris's 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.