6,904 Shares in Polaris Inc. (NYSE:PII) Acquired by Oak Thistle LLC

Key Points

• Oak Thistle LLC made a new investment in Polaris Inc. by purchasing 6,904 shares, valued at approximately $283,000, during the first quarter.
• Recent analyst reports show varying ratings for Polaris, with Roth Capital raising the price target to $41.00 while others have downgraded the stock, reflecting mixed market sentiment.
• Polaris announced a quarterly dividend of $0.67, resulting in an annual yield of 5.34%, despite a high payout ratio of 372.22%.

Oak Thistle LLC bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 6,904 shares of the company's stock, valued at approximately $283,000.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Polaris during the 4th quarter worth about $611,000. FORA Capital LLC grew its stake in Polaris by 521.5% during the fourth quarter. FORA Capital LLC now owns 17,285 shares of the company's stock worth $996,000 after buying an additional 14,504 shares during the period. Beutel Goodman & Co Ltd. grew its stake in Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after buying an additional 69,766 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Polaris by 162.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company's stock worth $427,000 after buying an additional 6,453 shares during the period. Finally, RWWM Inc. boosted its position in Polaris by 377.4% during the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock worth $51,264,000 after purchasing an additional 703,322 shares during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PII. Wall Street Zen cut shares of Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird upped their target price on Polaris from $38.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada decreased their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Polaris currently has an average rating of "Hold" and a consensus target price of $45.58.

Polaris Stock Up 12.3%

NYSE PII traded up $6.10 during trading hours on Tuesday, reaching $55.58. 3,469,680 shares of the company traded hands, compared to its average volume of 1,717,311. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $87.83. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $3.12 billion, a PE ratio of 77.10 and a beta of 1.05. The company has a 50 day moving average of $43.41 and a two-hundred day moving average of $42.63.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.42. Polaris had a net margin of 0.58% and a return on equity of 9.26%. During the same quarter in the previous year, the business earned $1.38 EPS. The firm's quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts expect 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 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.