Universal Beteiligungs und Servicegesellschaft mbH Invests $2.99 Million in Polaris Inc. (NYSE:PII)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,922 shares of the company's stock, valued at approximately $2,992,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Polaris at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PII. TD Waterhouse Canada Inc. raised its stake in shares of Polaris by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after purchasing an additional 241 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Polaris by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after purchasing an additional 263 shares during the period. Xponance Inc. raised its stake in shares of Polaris by 5.1% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after purchasing an additional 288 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Polaris by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after purchasing an additional 341 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

PII has been the topic of several recent research reports. Morgan Stanley dropped their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Roth Capital reissued a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Bank of America dropped their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada dropped their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup cut Polaris from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $49.00 to $33.00 in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $45.82.

Polaris Stock Performance

Polaris stock traded up $0.26 during midday trading on Friday, reaching $41.08. 997,885 shares of the company's stock were exchanged, compared to its average volume of 1,206,985. Polaris Inc. has a 52 week low of $30.92 and a 52 week 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 firm has a market cap of $2.31 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 13.95 and a beta of 1.04. The stock's 50-day simple moving average is $36.46 and its 200 day simple moving average is $47.08.

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

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 6.52%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio is presently 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.