GAMMA Investing LLC Raises Stock Position in Polaris Inc. (NYSE:PII)

GAMMA Investing LLC grew its stake in shares of Polaris Inc. (NYSE:PII) by 232.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 968 shares of the company’s stock after acquiring an additional 677 shares during the period. GAMMA Investing LLC’s holdings in Polaris were worth $56,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after buying an additional 183 shares in the last quarter. Quarry LP grew its holdings in Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the period. Claro Advisors LLC increased its stake in shares of Polaris by 3.3% during the 3rd quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock valued at $656,000 after acquiring an additional 254 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Polaris by 1.2% in the third quarter. Nisa Investment Advisors LLC now owns 24,535 shares of the company’s stock worth $2,042,000 after acquiring an additional 300 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Down 2.4 %

Shares of Polaris stock opened at $54.09 on Monday. The business has a 50-day moving average price of $63.35 and a 200 day moving average price of $74.28. Polaris Inc. has a fifty-two week low of $52.77 and a fifty-two week high of $100.91. The firm has a market cap of $3.02 billion, a P/E ratio of 15.11, a P/E/G ratio of 6.59 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 EPS. On average, sell-side analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Monday, December 2nd. Polaris’s payout ratio is 73.74%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PII. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, DA Davidson decreased their target price on shares of Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $84.00.

About Polaris

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.