Alliancebernstein L.P. Sells 8,234 Shares of Polaris Inc. (NYSE:PII)

Alliancebernstein L.P. cut its position in shares of Polaris Inc. (NYSE:PII) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,616 shares of the company’s stock after selling 8,234 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of Polaris worth $3,608,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the period. Twin Tree Management LP bought a new position in shares of Polaris during the 4th quarter worth $29,000. Lindbrook Capital LLC increased its holdings in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after acquiring an additional 387 shares during the last quarter. GAMMA Investing LLC raised its stake in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after acquiring an additional 677 shares during the period. Finally, Signaturefd LLC lifted its holdings in Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company’s stock worth $59,000 after purchasing an additional 460 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on PII shares. Citigroup lowered shares of Polaris from a “neutral” rating to a “sell” rating and reduced their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Roth Mkm lowered their price target on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Baird R W downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Bank of America decreased their price objective on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.64.

Polaris Trading Down 0.6 %

PII stock opened at $34.04 on Tuesday. The company has a market capitalization of $1.91 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a one year low of $30.92 and a one year high of $91.32. The company’s 50 day moving average price is $42.12 and its two-hundred day moving average price is $57.07.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is 136.73%.

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.