Brown Advisory Inc. Has $30.25 Million Stake in Polaris Inc. (NYSE:PII)

Brown Advisory Inc. lifted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,028 shares of the company's stock after buying an additional 22,853 shares during the period. Brown Advisory Inc. owned approximately 0.94% of Polaris worth $30,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. RWWM Inc. boosted its position in shares of Polaris by 377.4% during the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock valued at $51,264,000 after acquiring an additional 703,322 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Polaris by 132.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after purchasing an additional 513,542 shares during the period. Norges Bank purchased a new position in Polaris during the fourth quarter worth about $24,659,000. Capital World Investors raised its stake in shares of Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after acquiring an additional 388,050 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Polaris in the 4th quarter worth approximately $21,776,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PII has been the subject of several analyst reports. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday. 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 note on Wednesday, April 30th. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Bank of America dropped their price target on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, DA Davidson dropped their price objective on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Price Performance

Shares of NYSE PII traded up $0.80 during trading on Friday, reaching $36.34. The company had a trading volume of 1,810,691 shares, compared to its average volume of 1,141,946. The stock has a market cap of $2.04 billion, a PE ratio of 18.54, a PEG 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 $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 business's 50 day moving average price is $37.95 and its 200-day moving average price is $51.13.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $0.23 earnings per share. Analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 7.37%. Polaris's dividend 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.