Price T Rowe Associates Inc. MD Grows Holdings in Polaris Inc. (NYSE:PII)

Price T Rowe Associates Inc. MD grew its stake in shares of Polaris Inc. (NYSE:PII) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,076 shares of the company’s stock after buying an additional 2,325 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Polaris worth $2,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PII. Southernsun Asset Management LLC boosted its stake in Polaris by 22.8% in the fourth quarter. Southernsun Asset Management LLC now owns 284,957 shares of the company’s stock worth $16,419,000 after buying an additional 52,988 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Polaris during the 4th quarter valued at $1,555,000. Stifel Financial Corp raised its position in Polaris by 18.7% in the 4th quarter. Stifel Financial Corp now owns 122,293 shares of the company’s stock worth $7,047,000 after purchasing an additional 19,232 shares during the period. TD Waterhouse Canada Inc. raised its position in Polaris by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock worth $1,295,000 after purchasing an additional 241 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Polaris by 250.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,424 shares of the company’s stock worth $197,000 after purchasing an additional 2,447 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Trading Down 0.0 %

Polaris stock opened at $33.71 on Thursday. The stock has a market cap of $1.89 billion, a P/E ratio of 17.20, a PEG ratio of 13.95 and a beta of 1.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. The firm’s 50 day moving average price is $38.19 and its 200-day moving average price is $51.81.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Polaris’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. On average, equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.67 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.95%. Polaris’s dividend payout ratio is currently 372.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PII shares. DA Davidson dropped their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial lowered their price objective on shares of Polaris from $55.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Robert W. Baird cut their target price on Polaris from $40.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Polaris currently has an average rating of “Hold” and an average target price of $45.36.

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.