Crestline Management LP Takes Position in Polaris Inc. (NYSE:PII)

Crestline Management LP purchased a new stake in Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,494 shares of the company's stock, valued at approximately $835,000.

Several other large investors also recently made changes to their positions in PII. Nordea Investment Management AB boosted its holdings in Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after buying an additional 183 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after buying an additional 241 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after buying an additional 263 shares during the period. Xponance Inc. boosted its stake in shares of Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after buying an additional 288 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Polaris by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Down 1.7%

PII traded down $0.66 during mid-day trading on Thursday, hitting $37.88. The stock had a trading volume of 481,337 shares, compared to its average volume of 1,153,949. The stock's fifty day simple moving average is $37.59 and its 200-day simple moving average is $50.60. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $88.84. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.

Analyst Ratings Changes

PII has been the subject of several analyst reports. UBS Group reduced their price objective 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. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Finally, StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $45.36.

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.