Polaris Inc. (NYSE:PII) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its position in Polaris Inc. (NYSE:PII) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 410,768 shares of the company’s stock after selling 5,752 shares during the period. River Road Asset Management LLC’s holdings in Polaris were worth $23,668,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares during the last quarter. Quarry LP boosted its stake 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 acquiring an additional 253 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 402 shares during the last quarter. Lindbrook Capital LLC lifted its position in Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

NYSE:PII opened at $47.43 on Tuesday. Polaris Inc. has a 52 week low of $39.79 and a 52 week high of $100.91. 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 company has a market capitalization of $2.66 billion, a P/E ratio of 24.20, a P/E/G ratio of 13.95 and a beta of 1.54. The stock’s fifty day moving average is $49.94 and its two-hundred day moving average is $65.39.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Equities analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The company also recently disclosed 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. This represents a $2.68 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is currently 136.73%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PII. BMO Capital Markets reduced their price objective on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird reduced their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Citigroup reduced their price objective on Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.17.

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.