10,600 Shares in Polaris Inc. (NYSE:PII) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Polaris Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,600 shares of the company’s stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AXQ Capital LP grew its stake in shares of Polaris by 92.0% during the 4th quarter. AXQ Capital LP now owns 16,120 shares of the company’s stock worth $929,000 after acquiring an additional 7,725 shares during the period. Sei Investments Co. lifted its holdings in Polaris by 52.2% during the fourth quarter. Sei Investments Co. now owns 13,690 shares of the company’s stock valued at $789,000 after purchasing an additional 4,694 shares during the last quarter. American Century Companies Inc. boosted its position in Polaris by 32.5% during the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company’s stock worth $57,382,000 after purchasing an additional 244,252 shares during the period. Quantbot Technologies LP increased its stake in shares of Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company’s stock worth $2,071,000 after purchasing an additional 15,283 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Polaris by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 223,847 shares of the company’s stock valued at $12,898,000 after purchasing an additional 2,366 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Trading Up 2.9 %

NYSE PII opened at $42.59 on Thursday. Polaris Inc. has a 1 year low of $39.29 and a 1 year high of $100.00. 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 company has a market capitalization of $2.39 billion, a PE ratio of 21.73, a P/E/G ratio of 13.95 and a beta of 1.54. The company has a fifty day moving average of $45.12 and a 200 day moving average of $60.54.

Polaris (NYSE:PII) last issued its quarterly earnings data 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 return on equity of 13.78% and a net margin of 1.54%. Research 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is currently 136.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. DA Davidson decreased their target price on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Bank of America cut their price objective on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Robert W. Baird lowered their target price on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Finally, UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.83.

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.