Public Employees Retirement System of Ohio Sells 12,801 Shares of Polaris Inc. (NYSE:PII)

Public Employees Retirement System of Ohio lowered its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,726 shares of the company's stock after selling 12,801 shares during the period. Public Employees Retirement System of Ohio's holdings in Polaris were worth $1,482,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quantbot Technologies LP raised its position in shares of Polaris by 74.0% in the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock valued at $2,071,000 after buying an additional 15,283 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Polaris by 14.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock worth $6,701,000 after acquiring an additional 14,790 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Polaris in the fourth quarter worth $21,776,000. State of Alaska Department of Revenue grew its holdings in Polaris by 371.7% during the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after purchasing an additional 22,835 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Polaris during the 4th quarter valued at $611,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

Polaris stock traded up $0.60 during midday trading on Friday, hitting $41.42. The company's stock had a trading volume of 128,507 shares, compared to its average volume of 1,201,507. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $88.00. The company has a 50-day moving average price of $36.47 and a two-hundred day moving average price of $47.25. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 13.95 and a beta of 1.04.

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

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's payout ratio is 372.22%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Roth Capital restated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Citigroup lowered shares of Polaris from a "neutral" rating to a "sell" rating and cut their target price for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. 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, Royal Bank of Canada reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.82.

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.