Rhumbline Advisers Decreases Position in Polaris Inc. (NYSE:PII)

Rhumbline Advisers lessened its holdings in Polaris Inc. (NYSE:PII) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,995 shares of the company’s stock after selling 3,545 shares during the period. Rhumbline Advisers owned approximately 0.25% of Polaris worth $5,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Polaris by 1,328.5% during the 1st quarter. Parallel Advisors LLC now owns 5,014 shares of the company’s stock worth $205,000 after purchasing an additional 4,663 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Polaris by 25,682.0% during the 1st quarter. GAMMA Investing LLC now owns 249,570 shares of the company’s stock worth $10,217,000 after purchasing an additional 248,602 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after purchasing an additional 797 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Polaris by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,970 shares of the company’s stock worth $229,000 after purchasing an additional 551 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Polaris during the 4th quarter worth $2,992,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 0.8%

Shares of Polaris stock opened at $41.67 on Friday. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The company’s 50-day simple moving average is $36.81 and its 200-day simple moving average is $46.37. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 6.43%. Polaris’s payout ratio is currently 372.22%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PII shares. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Tuesday, April 22nd. Baird R W cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Royal Bank of Canada reduced their price target on shares of Polaris from $54.00 to $34.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on shares of Polaris from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America reduced their price target on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.82.

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.