Polaris Inc. (NYSE:PII) Shares Bought by Keynote Financial Services LLC

Keynote Financial Services LLC increased its position in Polaris Inc. (NYSE:PII) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,334 shares of the company’s stock after acquiring an additional 1,240 shares during the period. Keynote Financial Services LLC’s holdings in Polaris were worth $423,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

PII has been the topic of several research reports. DA Davidson lowered their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Roth Mkm lowered their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Robert W. Baird cut their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a report on Monday, December 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their target price on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.17.

Polaris Trading Up 0.1 %

NYSE PII opened at $44.88 on Friday. The company has a 50-day moving average of $51.31 and a 200-day moving average of $66.88. 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 Inc. has a 12 month low of $42.85 and a 12 month high of $100.91. The company has a market cap of $2.52 billion, a P/E ratio of 22.90, a P/E/G ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 5.97%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

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.