6,956 Shares in Polaris Inc. (NYSE:PII) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,956 shares of the company's stock, valued at approximately $401,000.

A number of other hedge funds have also bought and sold shares of PII. Assenagon Asset Management S.A. bought a new position in Polaris during the fourth quarter valued at $2,211,000. Hennion & Walsh Asset Management Inc. increased its position in Polaris by 25.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company's stock valued at $243,000 after acquiring an additional 866 shares during the last quarter. SG Americas Securities LLC bought a new position in Polaris during the fourth quarter valued at $300,000. Janney Montgomery Scott LLC increased 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 acquiring an additional 263 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Polaris by 41.6% during the fourth quarter. Inspire Investing LLC now owns 6,962 shares of the company's stock valued at $401,000 after acquiring an additional 2,045 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PII shares. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and cut their price objective for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Morgan Stanley cut their price target 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. Finally, Wall Street Zen cut shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.82.

Polaris Stock Up 4.5%

Polaris stock traded up $1.73 during midday trading on Tuesday, hitting $39.76. 1,506,118 shares of the company's stock were exchanged, compared to its average volume of 1,183,874. 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 company has a market cap of $2.23 billion, a PE ratio of 20.29, a P/E/G ratio of 13.95 and a beta of 1.05. The firm has a 50-day moving average of $36.77 and a two-hundred day moving average of $48.44. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The company's revenue was down 11.6% compared to the same quarter last year. As a group, analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 6.74%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is 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.