Polaris Inc. (NYSE:PII) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in Polaris Inc. by 70.3%, owning a total of 11,021 shares worth $451,000 after acquiring an additional 4,548 shares in the first quarter.
• Polaris reported $0.40 earnings per share for its last quarter, significantly exceeding analysts' expectations of $0.05, while revenue was $1.85 billion, also above estimates.
• The company announced a quarterly dividend of $0.67 per share, yielding 4.8%, with a dividend payout ratio of -142.55%.

US Bancorp DE raised its stake in Polaris Inc. (NYSE:PII - Free Report) by 70.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,021 shares of the company's stock after purchasing an additional 4,548 shares during the period. US Bancorp DE's holdings in Polaris were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. RWWM Inc. lifted its holdings in shares of Polaris by 169.2% in the 1st quarter. RWWM Inc. now owns 2,395,049 shares of the company's stock valued at $98,053,000 after purchasing an additional 1,505,351 shares during the last quarter. Capital World Investors increased its position in Polaris by 6.7% in the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock valued at $354,725,000 after acquiring an additional 388,050 shares during the period. Raymond James Financial Inc. acquired a new position in Polaris in the 4th quarter valued at about $21,776,000. GAMMA Investing LLC increased its position in Polaris by 25,682.0% in the 1st quarter. GAMMA Investing LLC now owns 249,570 shares of the company's stock valued at $10,217,000 after acquiring an additional 248,602 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Polaris by 73.2% in the 4th quarter. Ameriprise Financial Inc. now owns 404,001 shares of the company's stock valued at $23,279,000 after acquiring an additional 170,739 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Price Performance

PII stock traded down $1.51 on Friday, reaching $57.31. The company had a trading volume of 1,086,926 shares, compared to its average volume of 1,819,354. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $87.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. The company's fifty day moving average is $47.42 and its 200 day moving average is $42.66. The company has a market cap of $3.22 billion, a P/E ratio of -30.48 and a beta of 1.04.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is -142.55%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Robert W. Baird boosted their price target on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Citigroup restated a "sell" rating and issued a $27.00 price target (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. BMO Capital Markets reiterated a "market perform" rating and set a $52.00 target price (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Finally, Roth Capital boosted their target price on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $48.33.

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.