SG Americas Securities LLC Has $2.11 Million Holdings in Polaris Inc. (NYSE:PII)

SG Americas Securities LLC cut its stake in Polaris Inc. (NYSE:PIIGet Rating) by 36.8% in the first quarter, Holdings Channel.com reports. The firm owned 20,023 shares of the company’s stock after selling 11,663 shares during the quarter. SG Americas Securities LLC’s holdings in Polaris were worth $2,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Polaris in the 4th quarter worth $27,000. Leverty Financial Group LLC acquired a new position in Polaris in the 4th quarter worth $39,000. BerganKDV Wealth Management LLC boosted its stake in shares of Polaris by 33.2% during the 4th quarter. BerganKDV Wealth Management LLC now owns 401 shares of the company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. Disciplined Investments LLC acquired a new position in shares of Polaris during the 1st quarter worth about $43,000. Finally, Stonebridge Capital Advisors LLC boosted its stake in shares of Polaris by 370.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 546 shares of the company’s stock worth $60,000 after buying an additional 430 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PII shares. Raymond James reduced their price objective on shares of Polaris from $149.00 to $131.00 in a research note on Wednesday, April 27th. Northcoast Research restated a “buy” rating on shares of Polaris in a research note on Tuesday, May 17th. StockNews.com started coverage on shares of Polaris in a research note on Thursday, March 31st. They set a “hold” rating for the company. Citigroup reduced their price objective on shares of Polaris from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Finally, Jefferies Financial Group initiated coverage on shares of Polaris in a research note on Tuesday, June 28th. They set a “hold” rating and a $105.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.82.

Polaris Stock Up 0.0 %

Polaris stock opened at $114.08 on Monday. The stock has a market cap of $6.79 billion, a P/E ratio of 16.53 and a beta of 1.54. The company has a quick ratio of 0.34, a current ratio of 1.18 and a debt-to-equity ratio of 1.24. Polaris Inc. has a twelve month low of $94.24 and a twelve month high of $139.79. The company’s 50-day moving average price is $104.94 and its two-hundred day moving average price is $108.82.

Polaris (NYSE:PIIGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.47). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.11 billion. Polaris had a net margin of 5.24% and a return on equity of 43.24%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 earnings per share. As a group, analysts expect that Polaris Inc. will post 10.05 EPS for the current year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $2.56 annualized dividend and a dividend yield of 2.24%. Polaris’s dividend payout ratio is presently 37.10%.

Polaris Company Profile

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Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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