SG Americas Securities LLC Takes $300,000 Position in Polaris Inc. (NYSE:PII)

SG Americas Securities LLC bought a new stake in Polaris Inc. (NYSE:PII) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,198 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently added to or reduced their stakes in PII. Sei Investments Co. boosted its holdings in shares of Polaris by 31.0% in the second quarter. Sei Investments Co. now owns 3,601 shares of the company’s stock valued at $282,000 after acquiring an additional 853 shares during the period. Sanctuary Advisors LLC purchased a new stake in Polaris in the 2nd quarter valued at $579,000. Handelsbanken Fonder AB boosted its stake in Polaris by 60.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 17,200 shares of the company’s stock worth $1,432,000 after purchasing an additional 6,500 shares during the period. CWM LLC grew its position in Polaris by 67.7% during the 3rd quarter. CWM LLC now owns 3,397 shares of the company’s stock worth $283,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Wynn Capital LLC increased its stake in Polaris by 7.7% in the third quarter. Wynn Capital LLC now owns 7,804 shares of the company’s stock valued at $650,000 after purchasing an additional 558 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

PII has been the topic of a number of research reports. DA Davidson lowered their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Roth Mkm decreased their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Robert W. Baird dropped their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.17.

Polaris Stock Down 0.9 %

PII stock opened at $45.32 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $57.59 and its 200 day moving average price is $70.99. Polaris Inc. has a 52 week low of $43.20 and a 52 week high of $100.91. The company has a market cap of $2.53 billion, a P/E ratio of 23.12, a P/E/G ratio of 14.51 and a beta of 1.50.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 5.91%. Polaris’s dividend payout ratio 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.