Russell Investments Group Ltd. Has $1.42 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Russell Investments Group Ltd. reduced its holdings in Polaris Inc. (NYSE:PII) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,627 shares of the company’s stock after selling 571 shares during the quarter. Russell Investments Group Ltd.’s holdings in Polaris were worth $1,419,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Polaris by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after purchasing an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. increased its holdings in Polaris by 2.6% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock worth $159,914,000 after purchasing an additional 69,766 shares in the last quarter. American Century Companies Inc. lifted its stake in Polaris by 32.5% in the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company’s stock valued at $57,382,000 after buying an additional 244,252 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Polaris by 132.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock worth $51,909,000 after buying an additional 513,542 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Polaris by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PII shares. UBS Group lowered their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. DA Davidson lowered their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Baird R W downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Robert W. Baird cut shares of Polaris from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $56.00 to $40.00 in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.64.

Polaris Trading Up 2.3 %

Shares of NYSE PII opened at $33.09 on Monday. The firm’s 50 day moving average price is $41.18 and its 200-day moving average price is $55.68. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $90.62. 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 $1.86 billion, a PE ratio of 16.88, a P/E/G ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities research analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 8.10%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

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.