New York State Teachers Retirement System Decreases Stock Holdings in Polaris Inc. (NYSE:PII)

New York State Teachers Retirement System trimmed its position in shares of Polaris Inc. (NYSE:PII) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,165 shares of the company’s stock after selling 4,138 shares during the period. New York State Teachers Retirement System’s holdings in Polaris were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. International Assets Investment Management LLC raised its holdings in Polaris by 1,309.5% during the 3rd quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock valued at $1,178,000 after buying an additional 13,147 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in Polaris during the 3rd quarter valued at $279,000. Ballentine Partners LLC raised its holdings in Polaris by 22.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,664 shares of the company’s stock valued at $305,000 after buying an additional 668 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Polaris by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,144 shares of the company’s stock valued at $511,000 after buying an additional 410 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird reduced their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada dropped their price target on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Finally, Citigroup dropped their price target on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.17.

Polaris Price Performance

Shares of NYSE PII opened at $46.56 on Friday. 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 $2.61 billion, a PE ratio of 23.76, a P/E/G ratio of 14.11 and a beta of 1.50. The business has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $68.14. Polaris Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $100.91.

Polaris (NYSE:PII) last issued its quarterly 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%. As a group, equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 5.76%. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is presently 134.69%.

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.