BNP Paribas Financial Markets Has $2.25 Million Stake in Polaris Inc. (NYSE:PII)

BNP Paribas Financial Markets raised its stake in Polaris Inc. (NYSE:PII - Free Report) by 61.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,962 shares of the company's stock after buying an additional 14,851 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Polaris worth $2,245,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC raised its position in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP purchased a new position in Polaris in the 4th quarter worth about $29,000. Lindbrook Capital LLC increased its stake in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC raised its holdings in Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after buying an additional 460 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Polaris by 418.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company's stock worth $117,000 after buying an additional 1,640 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. DA Davidson lowered their price objective on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Roth Capital reissued a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Finally, Robert W. Baird decreased their target price on Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Stock Down 0.2%

Shares of NYSE:PII traded down $0.08 during midday trading on Thursday, hitting $38.56. 152,970 shares of the stock were exchanged, compared to its average volume of 1,170,483. The company has a market capitalization of $2.17 billion, a PE ratio of 19.68, a P/E/G ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 52-week low of $30.92 and a 52-week 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 business's fifty day simple moving average is $37.09 and its two-hundred day simple moving average is $49.46.

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, topping analysts' consensus estimates of ($0.91) by $0.01. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. As a group, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 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.