Polaris Inc. (NYSE:PII) Stock Holdings Trimmed by Private Advisor Group LLC

Private Advisor Group LLC lessened its position in Polaris Inc. (NYSE:PII) by 9.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,630 shares of the company’s stock after selling 383 shares during the period. Private Advisor Group LLC’s holdings in Polaris were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in shares of Polaris by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,144 shares of the company’s stock worth $511,000 after acquiring an additional 410 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Polaris by 35.2% in the third quarter. Van ECK Associates Corp now owns 40,966 shares of the company’s stock worth $3,410,000 after buying an additional 10,664 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Polaris during the 3rd quarter worth about $274,000. Keynote Financial Services LLC lifted its position in shares of Polaris by 14.3% during the 3rd quarter. Keynote Financial Services LLC now owns 6,094 shares of the company’s stock worth $507,000 after purchasing an additional 761 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in Polaris by 0.7% during the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after acquiring an additional 6,724 shares during the period. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $44.96 on Friday. The firm has a market cap of $2.52 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50. The firm’s fifty day moving average is $50.39 and its 200-day moving average is $66.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52 week low of $39.79 and a 52 week high of $100.91.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share 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 dividend of $0.67 per share. The ex-dividend date is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 5.96%. Polaris’s payout ratio is presently 136.73%.

Analyst Upgrades and Downgrades

PII has been the topic of several analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Citigroup reduced their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. UBS Group cut their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.17.

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.