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:PIIFree Report) 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:PIIGet Free Report) 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.

Get Our Latest Analysis on Polaris

Polaris 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.

Further Reading

Institutional Ownership by Quarter for Polaris (NYSE:PII)

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