Pictet Asset Management Holding SA Buys 1,241 Shares of Polaris Inc. (NYSE:PII)

Pictet Asset Management Holding SA increased its position in Polaris Inc. (NYSE:PII) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,278 shares of the company’s stock after purchasing an additional 1,241 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Polaris were worth $477,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Polaris by 32.5% in 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 in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock worth $51,909,000 after purchasing an additional 513,542 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Polaris by 45.3% during the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock valued at $44,740,000 after purchasing an additional 241,926 shares in the last quarter. Finally, Norges Bank purchased a new position in Polaris during the fourth quarter valued at approximately $24,659,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Up 14.3 %

Polaris stock opened at $36.54 on Thursday. The business’s 50-day simple moving average is $42.78 and its two-hundred day simple moving average is $58.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The company has a market cap of $2.05 billion, a PE ratio of 18.64, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $95.42.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current 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 dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 7.33%. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PII. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Roth Mkm lowered their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. DA Davidson reduced their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and lowered their target price for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $52.91.

Polaris Company 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.