Ballentine Partners LLC bought a new stake in Polaris Inc. (NYSE:PII - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,186 shares of the company's stock, valued at approximately $458,000.
Other large investors have also modified their holdings of the company. Capital World Investors lifted its stake in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after purchasing an additional 388,050 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Polaris by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock valued at $325,119,000 after buying an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. lifted its stake in Polaris by 2.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after acquiring an additional 69,766 shares in the last quarter. RWWM Inc. boosted its holdings in Polaris by 169.2% during the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock valued at $98,053,000 after acquiring an additional 1,505,351 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Polaris by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock valued at $131,609,000 after acquiring an additional 21,087 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.
Polaris Stock Performance
Shares of Polaris stock traded down $0.85 on Tuesday, hitting $47.27. The stock had a trading volume of 1,281,778 shares, compared to its average volume of 1,274,317. The company's 50 day moving average price is $40.76 and its 200 day moving average price is $43.24. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 65.65 and a beta of 1.05. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00.
Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data 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. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The company's revenue was down 11.6% compared to the same quarter last year. On average, research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.
Polaris Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's dividend payout ratio is currently 372.22%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Bank of America reduced 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. Morgan Stanley reduced their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Citigroup restated a "sell" rating and issued a $27.00 price target (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. Robert W. Baird increased their price objective on Polaris from $38.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Polaris has a consensus rating of "Hold" and an average target price of $46.00.
Read Our Latest Report on PII
Polaris Company Profile
(
Free Report)
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.
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