Polaris Inc. (NYSE:PII) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,085 shares of the company's stock after selling 21,561 shares during the period. HM Payson & Co. owned 0.06% of Polaris worth $1,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RWWM Inc. boosted its holdings in Polaris by 169.2% in the first 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 in the last quarter. Artisan Partners Limited Partnership increased its holdings in Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock worth $51,909,000 after buying an additional 513,542 shares in the last quarter. Norges Bank bought a new stake in shares of Polaris during the 4th quarter valued at about $24,659,000. Capital World Investors grew its stake in shares of Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after purchasing an additional 388,050 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Polaris during the 4th quarter valued at approximately $21,776,000. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PII has been the topic of a number of research analyst reports. Citigroup reissued a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Bank of America decreased their price objective on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Morgan Stanley decreased their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada decreased their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

Polaris Stock Up 1.8%

NYSE PII traded up $0.83 during trading hours on Wednesday, hitting $47.95. 736,052 shares of the company were exchanged, compared to its average volume of 1,274,221. The company has a 50 day moving average of $39.86 and a two-hundred day moving average of $43.49. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 66.60 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 quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The business's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 5.59%. The ex-dividend date was Monday, June 2nd. Polaris's payout ratio is currently 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.