Polaris Inc. (NYSE:PII) Stock Holdings Lifted by Barclays PLC

Barclays PLC lifted its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,074 shares of the company's stock after buying an additional 12,269 shares during the period. Barclays PLC owned 0.09% of Polaris worth $2,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings 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 grew its stake in shares of Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after purchasing an additional 263 shares in the last quarter. Xponance Inc. increased its holdings in shares of Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after purchasing an additional 288 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Polaris by 1.4% during 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 in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley lowered 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 note on Thursday. DA Davidson dropped their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada decreased their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research note on Wednesday. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Finally, StockNews.com upgraded Polaris from a "sell" rating to a "hold" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Polaris has a consensus rating of "Hold" and an average price target of $45.36.

Polaris Trading Up 0.3 %

Shares of NYSE:PII traded up $0.09 during mid-day trading on Friday, hitting $34.81. The stock had a trading volume of 1,130,655 shares, compared to its average volume of 1,118,098. The company's 50 day moving average is $38.88 and its 200-day moving average is $52.82. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62. 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 company has a market cap of $1.95 billion, a PE ratio of 17.76, a P/E/G ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII - Get Free Report) last posted 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. During the same period in the previous year, the firm earned $0.23 earnings per share. Polaris's quarterly revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently declared 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. This represents a $2.68 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio is currently 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.