Barclays PLC Acquires 12,269 Shares of Polaris Inc. (NYSE:PII)

Barclays PLC boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,074 shares of the company's stock after purchasing an additional 12,269 shares during the quarter. Barclays PLC owned about 0.09% of Polaris worth $2,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PII. Nordea Investment Management AB boosted its position in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after buying an additional 183 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after acquiring an additional 263 shares during the last quarter. Xponance Inc. grew its stake in shares of Polaris by 5.1% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after acquiring an additional 288 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after purchasing an additional 341 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PII. DA Davidson reduced their price objective on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Robert W. Baird decreased their price target on Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Citigroup cut Polaris from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $49.00 to $33.00 in a research report on Thursday, March 20th. Roth Mkm decreased their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Royal Bank of Canada lowered their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $45.36.

Polaris Stock Performance

Polaris stock traded down $0.48 during mid-day trading on Monday, reaching $34.36. The company's stock had a trading volume of 147,931 shares, compared to its average volume of 1,116,503. The firm's fifty day moving average price is $38.88 and its two-hundred day moving average price is $52.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62. The company has a market capitalization of $1.93 billion, a P/E ratio of 17.49, a PEG ratio of 13.95 and a beta of 1.32.

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

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Monday, June 2nd. Polaris's payout ratio is 372.22%.

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.