Victory Capital Management Inc. Has $2.75 Million Holdings in Polaris Inc. (NYSE:PII)

Victory Capital Management Inc. lifted its holdings in Polaris Inc. (NYSE:PII) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,697 shares of the company’s stock after acquiring an additional 3,935 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of Polaris worth $2,748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC grew its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares in the last quarter. Quarry LP lifted its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares during the last quarter. GAMMA Investing LLC raised its holdings in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares during the last quarter. National Bank of Canada FI raised its holdings 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 during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Polaris by 418.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company’s stock valued at $117,000 after buying an additional 1,640 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PII. Citigroup dropped their price objective on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group dropped their price objective on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Roth Mkm dropped their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. DA Davidson dropped their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, BMO Capital Markets dropped their price objective on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $66.17.

Polaris Stock Performance

Shares of PII stock opened at $42.42 on Monday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 52 week low of $39.79 and a 52 week high of $100.91. 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 firm has a 50 day moving average of $48.63 and a 200-day moving average of $63.94.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping 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%. On average, equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently disclosed 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. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 6.32%. Polaris’s dividend payout ratio (DPR) is 136.73%.

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.