New York State Teachers Retirement System Sells 4,138 Shares of Polaris Inc. (NYSE:PII)

New York State Teachers Retirement System trimmed its stake in Polaris Inc. (NYSE:PII) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,165 shares of the company’s stock after selling 4,138 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Polaris worth $3,063,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue grew its position in Polaris by 371.7% during the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock valued at $1,669,000 after acquiring an additional 22,835 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of Polaris during the fourth quarter worth approximately $1,318,000. Caprock Group LLC raised its stake in shares of Polaris by 174.4% during the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock worth $607,000 after acquiring an additional 6,693 shares in the last quarter. Hidden Cove Wealth Management LLC purchased a new position in shares of Polaris during the fourth quarter worth approximately $432,000. Finally, Kiltearn Partners LLP raised its stake in shares of Polaris by 147.9% during the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after acquiring an additional 92,300 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. Morgan Stanley restated an “equal weight” rating and set a $60.00 target price (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Roth Mkm dropped their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. Finally, UBS Group lowered their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.17.

Polaris Price Performance

Shares of NYSE:PII opened at $46.56 on Friday. Polaris Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $100.91. The business has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $68.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 14.11 and a beta of 1.50.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 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%. On average, analysts expect 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. Investors of record on Monday, March 3rd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.76%. Polaris’s payout ratio is 134.69%.

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.