Benjamin F. Edwards & Company Inc. Buys 58,480 Shares of Polaris Inc. (NYSE:PII)

Benjamin F. Edwards & Company Inc. raised its stake in Polaris Inc. (NYSE:PII - Free Report) by 9,698.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,083 shares of the company's stock after acquiring an additional 58,480 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 0.10% of Polaris worth $5,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of Polaris during the fourth quarter worth $31,000. Larson Financial Group LLC lifted its position in Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company's stock valued at $42,000 after purchasing an additional 338 shares during the period. Orion Capital Management LLC bought a new position in shares of Polaris in the 3rd quarter valued at about $46,000. Concord Wealth Partners bought a new position in shares of Polaris in the 3rd quarter valued at about $66,000. Finally, Blue Trust Inc. grew its position in shares of Polaris by 1,286.0% during the 4th quarter. Blue Trust Inc. now owns 693 shares of the company's stock worth $72,000 after buying an additional 643 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Up 0.2 %

NYSE PII traded up $0.13 during trading hours on Friday, reaching $83.92. 604,140 shares of the company's stock were exchanged, compared to its average volume of 842,588. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61. The company's 50-day moving average is $91.61 and its two-hundred day moving average is $90.95. Polaris Inc. has a one year low of $82.00 and a one year high of $138.49.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm's revenue was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 earnings per share. On average, analysts forecast that Polaris Inc. will post 8.01 EPS for the current fiscal year.

Polaris Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PII shares. Bank of America assumed coverage on shares of Polaris in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $110.00 price objective on the stock. 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 research note on Wednesday, April 24th. StockNews.com downgraded Polaris from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley upgraded Polaris from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $103.00 to $113.00 in a report on Wednesday, January 17th. Finally, KeyCorp decreased their target price on Polaris from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Polaris has an average rating of "Hold" and an average target price of $100.27.

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.