The Manufacturers Life Insurance Company Has $131.61 Million Stock Holdings in Polaris Inc. (NYSE:PII)

The Manufacturers Life Insurance Company lifted its stake in Polaris Inc. (NYSE:PII - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,284,077 shares of the company's stock after buying an additional 21,087 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.10% of Polaris worth $131,609,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in Polaris by 386.5% in the fourth 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 last quarter. Twin Tree Management LP purchased a new position in shares of Polaris during the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% during the fourth 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 grew its position in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after buying an additional 677 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after buying an additional 460 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PII. Royal Bank of Canada decreased their price objective on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday. Roth Mkm lowered their price objective on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, January 24th. KeyCorp downgraded Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. DA Davidson dropped their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Robert W. Baird decreased their target price on shares of Polaris from $40.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.36.

Polaris Stock Up 0.3 %

Polaris stock traded up $0.09 during mid-day trading on Friday, reaching $34.81. The company's stock had a trading volume of 1,130,655 shares, compared to its average volume of 1,120,163. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The business's 50 day simple moving average is $38.88 and its 200 day simple moving average is $52.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. 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 results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the business earned $0.23 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.67 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 7.70%. Polaris's dividend payout ratio (DPR) is 372.22%.

About Polaris

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.