Guggenheim Capital LLC Grows Position in Polaris Inc. (NYSE:PII)

Guggenheim Capital LLC lifted its position in Polaris Inc. (NYSE:PII - Free Report) by 66.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,687 shares of the company's stock after buying an additional 10,656 shares during the quarter. Guggenheim Capital LLC's holdings in Polaris were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. RWWM Inc. boosted its position in Polaris by 377.4% in the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock valued at $51,264,000 after buying an additional 703,322 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after buying an additional 513,542 shares during the last quarter. Norges Bank bought a new stake in Polaris during the fourth quarter worth about $24,659,000. Raymond James Financial Inc. bought a new position in shares of Polaris in the fourth quarter valued at $21,776,000. Finally, American Century Companies Inc. raised its stake in Polaris by 32.5% in the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company's stock valued at $57,382,000 after buying an additional 244,252 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $54.00 price target on shares of Polaris in a research report on Monday, March 17th. BMO Capital Markets lowered their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and dropped their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Finally, Roth Mkm reduced their target price on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Two 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.64.

Polaris Price Performance

Shares of Polaris stock traded down $0.85 during trading hours on Friday, hitting $34.36. The company's stock had a trading volume of 1,197,812 shares, compared to its average volume of 1,083,981. The business has a 50 day moving average price of $40.10 and a two-hundred day moving average price of $54.07. The company has a market cap of $1.93 billion, a PE ratio of 17.53, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 12-month low of $30.92 and a 12-month high of $90.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.67 per share. This is an increase from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 7.80%. Polaris's dividend payout ratio is presently 136.73%.

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.