Northern Trust Corp Purchases 77,039 Shares of Polaris Inc. (NYSE:PII)

Northern Trust Corp raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 444,962 shares of the company's stock after buying an additional 77,039 shares during the quarter. Northern Trust Corp owned 0.80% of Polaris worth $25,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC grew its stake in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP acquired a new position in shares of Polaris during the fourth quarter worth approximately $29,000. Lindbrook Capital LLC lifted its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC lifted its position in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares during the period. Finally, Signaturefd LLC grew its position in shares of Polaris by 82.6% during the 4th 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. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Down 0.5%

NYSE:PII traded down $0.18 during trading hours on Wednesday, reaching $38.46. 1,385,606 shares of the stock were exchanged, compared to its average volume of 1,153,711. The stock has a market cap of $2.16 billion, a PE ratio of 19.62, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $89.75. The firm has a 50 day moving average of $37.78 and a 200 day moving average of $50.68. 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 (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm's revenue was down 11.6% on a year-over-year basis. On average, equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.97%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is 372.22%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PII. UBS Group decreased their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Roth Capital reissued a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their price objective 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. Robert W. Baird reduced their target price on Polaris from $40.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Polaris presently has a consensus rating of "Hold" and a consensus price target of $45.36.

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.