International Assets Investment Management LLC Buys Shares of 6,902 Polaris Inc. (NYSE:PII)

International Assets Investment Management LLC bought a new position in shares of Polaris Inc. (NYSE:PII) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,902 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP lifted its holdings in Polaris by 74.0% during the fourth quarter. Quantbot Technologies LP now owns 35,944 shares of the company’s stock worth $2,071,000 after acquiring an additional 15,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Polaris by 14.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company’s stock worth $6,701,000 after purchasing an additional 14,790 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Polaris during the fourth quarter worth about $21,776,000. KLP Kapitalforvaltning AS bought a new position in shares of Polaris during the 4th quarter valued at about $611,000. Finally, Bank of New York Mellon Corp grew its position in shares of Polaris by 45.3% in the 4th 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 during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of NYSE PII opened at $40.98 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.37 and a current ratio of 1.12. The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $44.37. The stock has a market capitalization of $2.30 billion, a PE ratio of 56.92 and a beta of 1.04. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $88.00.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS 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 the consensus estimate of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. Analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris’s dividend payout ratio (DPR) is presently 372.22%.

Wall Street Analysts Forecast Growth

PII has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of Polaris from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Morgan Stanley dropped their price objective on shares of Polaris from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research note on Tuesday, April 22nd. Wall Street Zen cut Polaris from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Finally, Baird R W lowered Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.27.

Polaris 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.