Eubel Brady & Suttman Asset Management Inc. Acquires 68,537 Shares of Polaris Inc. (NYSE:PII)

Eubel Brady & Suttman Asset Management Inc. grew its holdings in shares of Polaris Inc. (NYSE:PII) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,517 shares of the company’s stock after acquiring an additional 68,537 shares during the quarter. Polaris accounts for approximately 2.0% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 25th biggest holding. Eubel Brady & Suttman Asset Management Inc. owned approximately 0.48% of Polaris worth $15,299,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. National Bank of Canada FI boosted its holdings in Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock valued at $92,000 after acquiring an additional 183 shares during the period. Nordea Investment Management AB boosted its stake in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after purchasing an additional 183 shares during the period. Quarry LP grew its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. Claro Advisors LLC increased its stake in shares of Polaris by 3.3% in the third quarter. Claro Advisors LLC now owns 7,881 shares of the company’s stock worth $656,000 after buying an additional 254 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PII. Robert W. Baird cut their price target on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. Royal Bank of Canada cut their target price on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Roth Mkm dropped their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Citigroup reduced their target price on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Trading Up 1.5 %

NYSE PII opened at $46.56 on Friday. The stock’s 50 day moving average is $52.62 and its 200 day moving average is $68.14. 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 firm has a market capitalization of $2.61 billion, a PE ratio of 23.76, a P/E/G ratio of 13.95 and a beta of 1.50. Polaris Inc. has a twelve month low of $42.85 and a twelve month high of $100.91.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 134.69%.

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.