Polaris Inc. (NYSE:PII) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,837 shares of the company’s stock after selling 1,838 shares during the period. Mutual of America Capital Management LLC’s holdings in Polaris were worth $3,112,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Polaris by 10,524.7% during the fourth quarter. International Assets Investment Management LLC now owns 61,411 shares of the company’s stock worth $5,820,000 after purchasing an additional 60,833 shares during the last quarter. Camarda Financial Advisors LLC acquired a new stake in shares of Polaris during the third quarter worth $1,354,000. Quantbot Technologies LP acquired a new stake in shares of Polaris during the third quarter worth $1,227,000. Envestnet Asset Management Inc. boosted its holdings in shares of Polaris by 35.6% during the third quarter. Envestnet Asset Management Inc. now owns 114,630 shares of the company’s stock worth $11,938,000 after purchasing an additional 30,114 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in shares of Polaris by 61.2% during the third quarter. Gotham Asset Management LLC now owns 75,625 shares of the company’s stock worth $7,876,000 after purchasing an additional 28,700 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PII shares. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, April 8th. Royal Bank of Canada lifted their target price on Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. DA Davidson reiterated a “neutral” rating and issued a $80.00 target price on shares of Polaris in a report on Tuesday, March 5th. Bank of America started coverage on Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price on the stock. Finally, KeyCorp reduced their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.73.

Polaris Trading Down 1.6 %

NYSE:PII opened at $86.76 on Thursday. The business’s 50-day moving average is $93.19 and its two-hundred day moving average is $91.99. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46. Polaris Inc. has a 12 month low of $82.00 and a 12 month high of $138.49. The firm has a market capitalization of $4.90 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business earned $3.46 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Research analysts predict that Polaris Inc. will post 7.97 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s payout ratio is presently 30.34%.

Polaris Company 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.