Southernsun Asset Management LLC Has $16.42 Million Holdings in Polaris Inc. (NYSE:PII)

Southernsun Asset Management LLC raised its position in Polaris Inc. (NYSE:PII - Free Report) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 284,957 shares of the company's stock after purchasing an additional 52,988 shares during the quarter. Polaris accounts for approximately 2.0% of Southernsun Asset Management LLC's holdings, making the stock its 20th largest holding. Southernsun Asset Management LLC owned 0.51% of Polaris worth $16,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of Polaris by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company's stock valued at $1,676,000 after purchasing an additional 183 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after acquiring an additional 241 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Polaris by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company's stock valued at $208,000 after acquiring an additional 263 shares during the last quarter. Xponance Inc. increased its position in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after acquiring an additional 288 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Polaris by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after acquiring an additional 341 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Performance

PII stock traded down $0.85 during trading hours on Friday, hitting $34.36. 1,197,812 shares of the stock were exchanged, compared to its average volume of 1,083,981. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $1.93 billion, a P/E ratio of 17.53, a P/E/G ratio of 13.95 and a beta of 1.32. The company has a 50-day simple moving average of $40.10 and a two-hundred day simple moving average of $54.07. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62.

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

Polaris Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp downgraded Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Robert W. Baird downgraded Polaris from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $56.00 to $40.00 in a research report on Friday, April 4th. DA Davidson reduced their price target on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, Roth Capital restated a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.64.

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.