Capital World Investors Purchases 388,050 Shares of Polaris Inc. (NYSE:PII)

Capital World Investors lifted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,156,285 shares of the company's stock after purchasing an additional 388,050 shares during the period. Capital World Investors owned about 11.04% of Polaris worth $354,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after acquiring an additional 183 shares during the period. Janney Montgomery Scott LLC lifted its position in Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after purchasing an additional 263 shares in the last quarter. Xponance Inc. grew its holdings in 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 increased its position in Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock worth $1,435,000 after buying an additional 341 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PII. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group decreased their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. DA Davidson decreased their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Robert W. Baird lowered Polaris from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $56.00 to $40.00 in a research note on Friday, April 4th. Two 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.com, the stock has an average rating of "Hold" and a consensus price target of $50.64.

Polaris Trading Down 2.4 %

PII stock traded down $0.85 during midday trading on Friday, reaching $34.36. 1,197,812 shares of the company traded hands, compared to its average volume of 1,082,232. 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 52-week low of $30.92 and a 52-week high of $90.62. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 13.95 and a beta of 1.32. The business has a 50 day moving average of $40.10 and a 200-day moving average of $54.43.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. As a group, sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.67 dividend. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.80%. Polaris's payout ratio is presently 136.73%.

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.