Retirement Systems of Alabama Raises Position in Polaris Inc. (NYSE:PII)

Retirement Systems of Alabama grew its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,751 shares of the company's stock after acquiring an additional 36,316 shares during the period. Retirement Systems of Alabama owned 0.25% of Polaris worth $13,244,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC lifted its position in shares of Polaris by 37.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,993 shares of the company's stock valued at $312,000 after acquiring an additional 813 shares during the period. Xponance Inc. raised its holdings in shares of Polaris by 11.8% during the third quarter. Xponance Inc. now owns 7,990 shares of the company's stock valued at $832,000 after purchasing an additional 844 shares during the period. Brown Advisory Inc. boosted its position in shares of Polaris by 2.7% during the 3rd quarter. Brown Advisory Inc. now owns 366,241 shares of the company's stock worth $38,140,000 after purchasing an additional 9,514 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Polaris by 5.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,735 shares of the company's stock valued at $285,000 after buying an additional 139 shares during the period. Finally, Telemus Capital LLC bought a new stake in Polaris in the 3rd quarter valued at about $558,000. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

PII has been the topic of several recent research reports. Citigroup cut their price target on Polaris from $100.00 to $96.00 and set a "neutral" rating on the stock in a report on Wednesday, April 24th. Longbow Research raised shares of Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Monday, April 8th. Royal Bank of Canada decreased their price objective on Polaris from $103.00 to $97.00 and set a "sector perform" rating for the company in a report on Wednesday, April 24th. StockNews.com lowered Polaris from a "buy" rating to a "hold" rating in a report on Thursday. Finally, DA Davidson reaffirmed a "neutral" rating and set a $80.00 target price on shares of Polaris in a research report on Tuesday, March 5th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Polaris presently has an average rating of "Hold" and an average target price of $100.27.

Polaris Stock Performance

Polaris stock traded up $0.33 during trading on Thursday, hitting $83.79. The stock had a trading volume of 499,829 shares, compared to its average volume of 717,618. The stock's 50 day moving average is $91.95 and its two-hundred day moving average is $91.09. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The business's revenue was down 20.3% on a year-over-year basis. As a group, analysts predict that Polaris Inc. will post 8.01 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris's dividend payout ratio (DPR) is currently 38.71%.

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.