6 days Ago By ABMN Staff
Alliancebernstein L.P. reduced its position in shares of Polaris Inc.
( NYSE:PII – Free Report ) by 11.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,616 shares of the company’s stock after selling 8,234 shares during the quarter.
Alliancebernstein L.P.’s holdings in Polaris were worth $3,608,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in PII. Vanguard Group Inc. increased its position in shares of Polaris by 0.
7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after acquiring an additional 39,858 shares during the period.
Beutel Goodman & Co Ltd. increased its holdings in Polaris by 2.6% during the 4th quarter.
Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after purchasing an additional 69,766 shares during the period. American Century Companies Inc.
raised its position in Polaris by 32.5% during the 4th quarter. American Century Companies Inc.
now owns 995,872 shares of the company’s stock valued at $57,382,000 after purchasing an additional 244,252 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Polaris by 132.6% during the 4th quarter.
Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock valued at $51,909,000 after purchasing an additional 513,542 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Polaris by 45.3% in the 4th quarter.
Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts recently commented on the company. UBS Group decreased their target price on Polaris from $67.00 to $48.
00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Citigroup lowered shares of Polaris from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $49.00 to $33.
00 in a report on Thursday, March 20th. Roth Mkm dropped their target price on shares of Polaris from $76.00 to $57.
00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Baird R W cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, DA Davidson lowered their price objective on shares of Polaris from $69.
00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.64.
Polaris Price Performance Shares of PII opened at $34.04 on Tuesday. Polaris Inc.
has a fifty-two week low of $30.92 and a fifty-two week high of $91.32.
The firm’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $57.07.
The stock has a market cap of $1.91 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 13.
95 and a beta of 1.32. 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 ( NYSE:PII – Get Free Report ) last posted its quarterly earnings results 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%. Analysts anticipate 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.
Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. The ex-dividend date was Monday, March 3rd.
This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.
68 annualized dividend and a dividend yield of 7.87%. Polaris’s dividend payout ratio (DPR) is presently 136.
73%. About Polaris ( Free Report ) 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. See Also Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc.
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