Ameriprise Financial Inc. Has $23.28 Million Stock Position in Polaris Inc. (NYSE:PII)

Ameriprise Financial Inc. grew its position in Polaris Inc. (NYSE:PII - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 404,001 shares of the company's stock after purchasing an additional 170,739 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.72% of Polaris worth $23,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors raised its position in shares of Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after purchasing an additional 388,050 shares during the period. Vanguard Group Inc. raised its position in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock valued at $325,119,000 after purchasing an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. increased its position in Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after acquiring an additional 69,766 shares during the period. The Manufacturers Life Insurance Company increased its position in Polaris by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock worth $131,609,000 after acquiring an additional 21,087 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Polaris by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock worth $61,702,000 after acquiring an additional 162,958 shares during the period. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of NYSE:PII traded up $0.98 on Friday, hitting $39.24. The stock had a trading volume of 1,087,198 shares, compared to its average volume of 1,162,317. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $88.00. 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's 50 day moving average price is $37.31 and its 200-day moving average price is $49.96. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.91) by $0.01. The business had revenue of $1.54 billion for 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 firm's quarterly 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. On average, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 6.83%. Polaris's dividend payout ratio is currently 372.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PII. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $49.00 to $33.00 in a research report on Thursday, March 20th. Royal Bank of Canada dropped their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets dropped their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. 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 research report on Friday, January 24th. Finally, Morgan Stanley dropped their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $45.36.

Polaris Company 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.