Mutual of America Capital Management LLC Sells 631 Shares of Polaris Inc. (NYSE:PII)

Mutual of America Capital Management LLC reduced its stake in Polaris Inc. (NYSE:PII) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,692 shares of the company’s stock after selling 631 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Polaris were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC raised its stake in shares of 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 acquiring an additional 294 shares in the last quarter. Quarry LP raised its stake in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after acquiring an additional 677 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after acquiring an additional 183 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Polaris by 79.0% during the fourth quarter. KBC Group NV now owns 2,561 shares of the company’s stock worth $148,000 after acquiring an additional 1,130 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PII. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Roth Mkm cut 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. Robert W. Baird cut their price target 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. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Price Performance

PII opened at $47.58 on Friday. The stock has a 50-day moving average price of $49.94 and a 200-day moving average price of $65.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a market cap of $2.67 billion, a PE ratio of 24.28, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 1 year low of $39.79 and a 1 year high of $100.91.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared 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 represents a $2.68 annualized dividend and a dividend yield of 5.63%. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is presently 136.73%.

Polaris Profile

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.