Wealth Enhancement Advisory Services LLC Acquires 551 Shares of Polaris Inc. (NYSE:PII)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,970 shares of the company’s stock after buying an additional 551 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Polaris were worth $229,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Capital World Investors increased its holdings in shares of Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock worth $354,725,000 after buying an additional 388,050 shares during the period. Vanguard Group Inc. boosted its position in Polaris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after acquiring an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Polaris by 2.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after acquiring an additional 69,766 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Polaris by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company’s stock valued at $131,609,000 after acquiring an additional 21,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Polaris by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company’s stock worth $61,702,000 after purchasing an additional 162,958 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of NYSE:PII opened at $41.34 on Tuesday. The firm has a market cap of $2.32 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 13.95 and a beta of 1.04. The firm’s 50 day simple moving average is $37.18 and its 200-day simple moving average is $45.68. 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 $88.00.

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

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.67 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 6.48%. Polaris’s dividend payout ratio (DPR) is 372.22%.

Analysts Set New Price Targets

A number of analysts have recently commented on PII shares. Robert W. Baird boosted their price target on Polaris from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Wall Street Zen lowered Polaris from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Morgan Stanley reduced their price objective on Polaris from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Baird R W downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Bank of America dropped their price objective on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a 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 given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.27.

About Polaris

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.