FORA Capital LLC Purchases 14,504 Shares of Polaris Inc. (NYSE:PII)

FORA Capital LLC increased its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 521.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,285 shares of the company's stock after purchasing an additional 14,504 shares during the period. FORA Capital LLC's holdings in Polaris were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock worth $1,676,000 after purchasing an additional 183 shares during the period. TD Waterhouse Canada Inc. boosted 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 worth $1,295,000 after buying an additional 241 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock worth $208,000 after acquiring an additional 263 shares during the period. Xponance Inc. grew its holdings in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock worth $343,000 after acquiring an additional 288 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after acquiring an additional 341 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of PII stock traded down $0.30 on Tuesday, hitting $38.59. 1,506,828 shares of the stock traded hands, compared to its average volume of 1,152,782. 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 52 week low of $30.92 and a 52 week high of $89.75. The firm has a 50 day simple moving average of $37.78 and a two-hundred day simple moving average of $50.68. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted $0.23 EPS. Polaris's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 6.94%. Polaris's dividend payout ratio is presently 372.22%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. DA Davidson dropped their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Royal Bank of Canada cut their target price on shares of 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 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, StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.36.

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.