Polaris Inc. (NYSE:PII) Shares Bought by Kiltearn Partners LLP

Kiltearn Partners LLP increased its holdings in Polaris Inc. (NYSE:PII) by 77.2% during the fourth quarter, Holdings Channel reports. The firm owned 274,200 shares of the company’s stock after purchasing an additional 119,500 shares during the period. Polaris makes up 2.6% of Kiltearn Partners LLP’s portfolio, making the stock its 15th largest holding. Kiltearn Partners LLP’s holdings in Polaris were worth $15,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of Polaris in the 4th quarter worth $29,000. Lindbrook Capital LLC raised its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the period. Quarry LP lifted its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after purchasing an additional 677 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Trading Up 0.5 %

NYSE:PII opened at $43.19 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 12 month low of $39.29 and a 12 month high of $100.91. The company’s 50 day moving average is $46.19 and its 200-day moving average is $61.70. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 13.95 and a beta of 1.54.

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

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.20%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PII shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Bank of America dropped their price objective on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $49.00 to $33.00 in a research note on Thursday, March 20th. Finally, UBS Group reduced their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.83.

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.