Hsbc Holdings PLC Buys New Position in Polaris Inc. (NYSE:PII)

Hsbc Holdings PLC purchased a new position in Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,994 shares of the company's stock, valued at approximately $1,555,000.

A number of other institutional investors and hedge funds have also modified their holdings of PII. Stifel Financial Corp grew its holdings in Polaris by 18.7% in the fourth quarter. Stifel Financial Corp now owns 122,293 shares of the company's stock valued at $7,047,000 after purchasing an additional 19,232 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Polaris by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after acquiring an additional 241 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Polaris by 250.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,424 shares of the company's stock valued at $197,000 after purchasing an additional 2,447 shares in the last quarter. Trajan Wealth LLC increased its stake in shares of Polaris by 23.5% during the 4th quarter. Trajan Wealth LLC now owns 3,549 shares of the company's stock worth $204,000 after purchasing an additional 676 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in shares of Polaris during the 4th quarter worth approximately $511,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PII shares. Royal Bank of Canada dropped their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. KeyCorp lowered shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Morgan Stanley lowered their price target on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday. Robert W. Baird reduced their price objective on shares of Polaris from $40.00 to $33.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.36.

Polaris Trading Down 2.5 %

PII stock traded down $0.89 during trading on Monday, reaching $33.95. 1,237,025 shares of the stock traded hands, compared to its average volume of 1,120,630. The business's 50 day moving average price is $38.88 and its 200-day moving average price is $52.40. The firm has a market capitalization of $1.90 billion, a PE ratio of 17.32, a P/E/G ratio of 13.95 and a beta of 1.32. 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 52-week low of $30.92 and a 52-week high of $90.62.

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

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 7.90%. Polaris's payout ratio is 372.22%.

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.