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

Public Employees Retirement System of Ohio reduced its stake in Polaris Inc. (NYSE:PII - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in Polaris in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 402 shares during the period. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares during the period. Signaturefd LLC boosted its position in shares of Polaris by 82.6% during the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after buying an additional 460 shares during the period. Finally, State of Wyoming acquired a new position in shares of Polaris during the fourth quarter worth approximately $95,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada cut 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. Bank of America cut their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley cut their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, Robert W. Baird upped their target price on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.82.

Polaris Stock Up 0.6%

Shares of NYSE PII traded up $0.26 during mid-day trading on Friday, reaching $41.08. The company had a trading volume of 997,885 shares, compared to its average volume of 1,206,985. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $88.00. 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 stock has a market capitalization of $2.31 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04. The stock's 50 day moving average is $36.46 and its 200-day moving average is $47.08.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Polaris's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, equities analysts anticipate 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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio 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.