Polaris Inc. (NYSE:PII) Holdings Boosted by RWWM Inc.

RWWM Inc. increased its position in Polaris Inc. (NYSE:PII - Free Report) by 169.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,395,049 shares of the company's stock after acquiring an additional 1,505,351 shares during the quarter. Polaris comprises approximately 7.9% of RWWM Inc.'s holdings, making the stock its 6th biggest position. RWWM Inc. owned about 4.27% of Polaris worth $98,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP bought a new position in Polaris during the fourth quarter valued at $29,000. Lindbrook Capital LLC raised its position in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the period. UMB Bank n.a. lifted its stake in shares of Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after acquiring an additional 429 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Polaris during the first quarter valued at $35,000. Institutional investors own 88.06% of the company's stock.

Analysts Set New Price Targets

PII has been the subject of a number of research analyst reports. Royal Bank Of Canada decreased their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. 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 research note on Thursday, May 1st. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Bank of America reduced their target price on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Robert W. Baird upped their price target on shares of Polaris from $33.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.27.

Polaris Stock Performance

PII traded up $0.03 on Wednesday, reaching $40.08. The stock had a trading volume of 1,130,796 shares, compared to its average volume of 1,214,829. The business's 50-day moving average price is $37.25 and its two-hundred day moving average price is $45.64. The company has a market cap of $2.25 billion, a P/E ratio of 55.67 and a beta of 1.04. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $88.00. 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 (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the firm earned $0.23 EPS. The company's quarterly revenue was down 11.6% on a year-over-year basis. Sell-side analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.

Polaris 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.