LSV Asset Management Acquires 171,672 Shares of Polaris Inc. (NYSE:PII)

LSV Asset Management increased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 190.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 261,872 shares of the company's stock after buying an additional 171,672 shares during the quarter. LSV Asset Management owned about 0.46% of Polaris worth $24,818,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages have issued reports on PII. Citigroup decreased their price target on Polaris from $100.00 to $96.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. BMO Capital Markets dropped their price target on shares of Polaris from $100.00 to $95.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 31st. DA Davidson restated a "neutral" rating and set a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. Morgan Stanley raised shares of Polaris from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Longbow Research raised shares of Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price target for the company in a research report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $100.27.

Polaris Stock Performance

PII stock traded up $0.92 during trading on Monday, hitting $84.84. The company had a trading volume of 412,315 shares, compared to its average volume of 712,826. The firm has a 50-day moving average price of $91.49 and a 200-day moving average price of $90.78. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The firm has a market cap of $4.79 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.44 and a beta of 1.61. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share 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 company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $2.05 EPS. The company's revenue was down 20.3% on a year-over-year basis. On average, analysts expect that Polaris Inc. will post 8.01 earnings per share for the current 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 paid a dividend of $0.66 per share. 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 3.11%. Polaris's dividend payout ratio (DPR) is 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.