Polaris Inc. (NYSE:PII) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in shares of Polaris Inc. (NYSE:PII) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,776 shares of the company’s stock after selling 205 shares during the period. Foster & Motley Inc.’s holdings in Polaris were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris by 8.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after acquiring an additional 202,794 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock valued at $44,168,000 after purchasing an additional 255,777 shares in the last quarter. Northern Trust Corp boosted its stake in Polaris by 1.4% during the 3rd quarter. Northern Trust Corp now owns 406,947 shares of the company’s stock worth $42,379,000 after purchasing an additional 5,493 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Polaris by 2.7% during the third quarter. Brown Advisory Inc. now owns 366,241 shares of the company’s stock worth $38,140,000 after buying an additional 9,514 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Polaris by 276.5% in the third quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock valued at $37,845,000 after buying an additional 266,887 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PII shares. BMO Capital Markets lowered their price target on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, April 8th. KeyCorp lowered their price objective on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Royal Bank of Canada cut their target price on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Robert W. Baird lowered their price target on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus target price of $100.27.

Polaris Stock Down 1.5 %

Shares of NYSE PII opened at $85.21 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $92.86 and its two-hundred day moving average is $91.61. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.60.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The company’s revenue was down 20.3% on a year-over-year basis. Research analysts predict that Polaris Inc. will post 7.97 EPS for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is currently 38.71%.

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.