Retirement Systems of Alabama Has $13.24 Million Stake in Polaris Inc. (NYSE:PII)

Retirement Systems of Alabama raised its stake in shares of Polaris Inc. (NYSE:PII) by 35.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 139,751 shares of the company’s stock after purchasing an additional 36,316 shares during the period. Retirement Systems of Alabama owned approximately 0.25% of Polaris worth $13,244,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PII. BKM Wealth Management LLC acquired a new position in Polaris during the 4th quarter valued at about $31,000. Larson Financial Group LLC boosted its stake in Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. Orion Capital Management LLC acquired a new position in Polaris during the 3rd quarter valued at about $46,000. Concord Wealth Partners purchased a new position in shares of Polaris in the 3rd quarter worth approximately $66,000. Finally, Blue Trust Inc. boosted its stake in shares of Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company’s stock worth $72,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 2.0 %

Shares of PII stock opened at $83.46 on Thursday. The company’s fifty day simple moving average is $92.14 and its two-hundred day simple moving average is $91.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 2.47 and a beta of 1.61.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, analysts anticipate that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.16%. Polaris’s payout ratio is 38.71%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. KeyCorp cut their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. DA Davidson restated a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Robert W. Baird cut their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Citigroup cut their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average price target of $100.27.

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.