1 week Ago By Defense World Staff
Geode Capital Management LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII – Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC.
The fund owned 864,182 shares of the company’s stock after selling 5,849 shares during the period. Geode Capital Management LLC owned approximately 1.55% of Polaris worth $49,810,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Polaris by 386.5% during the 4th quarter.
Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 402 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Polaris during the fourth quarter valued at $29,000. Lindbrook Capital LLC grew its holdings in shares of Polaris by 295.
4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Polaris by 232.
6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the period. Finally, Signaturefd LLC raised its stake in Polaris by 82.
6% in the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company’s stock worth $59,000 after acquiring an additional 460 shares during the last quarter. Institutional investors and hedge funds own 88.
06% of the company’s stock. Polaris Stock PerformanceNYSE PII opened at $34.19 on Monday.
The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 13.
95 and a beta of 1.32. The stock has a 50-day moving average of $42.
35 and a 200 day moving average of $57.42. The company has a current ratio of 1.
15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.
Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $91.
32. Polaris (NYSE:PII – Get Free Report) last announced its 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%.
Sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.
Polaris Increases DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share.
This represents a $2.68 annualized dividend and a dividend yield of 7.84%.
The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66.
Polaris’s dividend payout ratio is 136.73%. Wall Street Analysts Forecast GrowthA number of brokerages have recently weighed in on PII.
KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. DA Davidson reduced their price target on shares of Polaris from $69.00 to $60.
00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $49.00 to $33.
00 in a report on Thursday, March 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price on shares of Polaris in a report on Monday, March 17th.
Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st.
Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $52.91.
Check Out Our Latest Analysis on PolarisPolaris Company Profile (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.
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