National Bank of Canada FI Purchases 49,374 Shares of Polaris Inc. (NYSE:PII)

National Bank of Canada FI increased its holdings in Polaris Inc. (NYSE:PII) by 4,484.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,475 shares of the company’s stock after purchasing an additional 49,374 shares during the quarter. National Bank of Canada FI’s holdings in Polaris were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PII. Quarry LP increased its stake in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the period. Twin Tree Management LP bought a new stake in Polaris in the fourth quarter valued at $29,000. Larson Financial Group LLC increased its position in Polaris by 386.5% during 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. Lindbrook Capital LLC raised 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 purchasing an additional 387 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

Shares of NYSE:PII opened at $34.85 on Tuesday. The company has a market capitalization of $1.96 billion, a PE ratio of 17.78, a PEG ratio of 13.95 and a beta of 1.32. The business has a fifty day moving average price of $43.98 and a 200-day moving average price of $59.35. Polaris Inc. has a 1-year low of $33.61 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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, equities 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. Investors of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 7.69%. Polaris’s dividend payout ratio is 136.73%.

Analyst Ratings Changes

Several brokerages recently issued reports on PII. Bank of America reduced their price target 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. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 target price on shares of Polaris in a research note on Monday, March 17th. Citigroup lowered Polaris from a “neutral” rating to a “sell” rating and dropped their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.50.

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.