International Assets Investment Management LLC Grows Stock Position in Polaris Inc. (NYSE:PII)

International Assets Investment Management LLC lifted its position in Polaris Inc. (NYSE:PII) by 10,524.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,411 shares of the company’s stock after purchasing an additional 60,833 shares during the quarter. International Assets Investment Management LLC owned about 0.11% of Polaris worth $5,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PII. D.A. Davidson & CO. raised its stake in shares of Polaris by 13.6% in the first quarter. D.A. Davidson & CO. now owns 2,510 shares of the company’s stock worth $264,000 after purchasing an additional 301 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Polaris by 0.4% in the first quarter. Rhumbline Advisers now owns 152,648 shares of the company’s stock worth $16,077,000 after purchasing an additional 572 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Polaris by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,905 shares of the company’s stock worth $2,202,000 after purchasing an additional 1,993 shares during the last quarter. BlackRock Inc. raised its stake in shares of Polaris by 0.3% in the first quarter. BlackRock Inc. now owns 4,803,771 shares of the company’s stock worth $505,933,000 after purchasing an additional 13,281 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Polaris by 8.9% in the first quarter. Great West Life Assurance Co. Can now owns 33,033 shares of the company’s stock worth $3,575,000 after purchasing an additional 2,692 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Down 1.0 %

Shares of PII opened at $89.60 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. Polaris Inc. has a 12 month low of $82.00 and a 12 month high of $138.49. The stock’s 50 day moving average is $93.27 and its two-hundred day moving average is $92.14. The firm has a market cap of $5.06 billion, a P/E ratio of 10.30, a PEG ratio of 2.46 and a beta of 1.60.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.46 earnings per share. Analysts predict that Polaris Inc. will post 7.95 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.66 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.95%. Polaris’s payout ratio is currently 30.34%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. KeyCorp dropped their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $103.00 to $113.00 in a report on Wednesday, January 17th. BMO Capital Markets dropped their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Finally, Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Monday, April 8th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.73.

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.