Xponance Inc. Buys 670 Shares of Polaris Inc. (NYSE:PII)

Xponance Inc. boosted its stake in Polaris Inc. (NYSE:PII) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,660 shares of the company’s stock after acquiring an additional 670 shares during the period. Xponance Inc.’s holdings in Polaris were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PII. Treasurer of the State of North Carolina raised its position in shares of Polaris by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 23,679 shares of the company’s stock worth $2,466,000 after purchasing an additional 120 shares during the period. Security National Bank of SO Dak boosted its stake in shares of Polaris by 1.5% during the 3rd quarter. Security National Bank of SO Dak now owns 8,730 shares of the company’s stock worth $909,000 after acquiring an additional 130 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of Polaris by 5.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,735 shares of the company’s stock worth $285,000 after acquiring an additional 139 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Polaris by 6.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,620 shares of the company’s stock worth $273,000 after acquiring an additional 150 shares during the period. Finally, JLB & Associates Inc. boosted its stake in shares of Polaris by 0.7% during the 4th quarter. JLB & Associates Inc. now owns 25,627 shares of the company’s stock worth $2,429,000 after acquiring an additional 174 shares during the period. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PII shares. BMO Capital Markets dropped their price target on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. StockNews.com raised Polaris from a “hold” rating to a “buy” rating in a report on Wednesday. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, April 8th. KeyCorp lowered their price target on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Finally, Royal Bank of Canada lowered their price target on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.27.

Polaris Trading Down 2.2 %

Shares of PII stock opened at $83.36 on Friday. The firm has a market capitalization of $4.71 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.50 and a beta of 1.60. Polaris Inc. has a twelve month low of $82.00 and a twelve month high of $138.49. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The stock’s fifty day simple moving average is $92.75 and its 200 day simple moving average is $91.57.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $2.05 EPS. Polaris’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, sell-side analysts predict that Polaris Inc. will post 7.93 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, February 29th. This is a positive change from Polaris’s previous quarterly dividend of $0.65. Polaris’s payout ratio is 38.71%.

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.