Ridgewood Investments LLC Grows Position in Polaris Inc. (NYSE:PII)

Ridgewood Investments LLC raised its position in shares of Polaris Inc. (NYSE:PII) by 191.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,309 shares of the company’s stock after buying an additional 3,485 shares during the quarter. Ridgewood Investments LLC’s holdings in Polaris were worth $306,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Polaris by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock valued at $1,676,000 after acquiring an additional 183 shares during the period. GAMMA Investing LLC raised its position in Polaris by 232.6% during 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 in the last quarter. Franklin Resources Inc. raised its position in Polaris by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 169,004 shares of the company’s stock valued at $13,745,000 after purchasing an additional 18,418 shares in the last quarter. Virtu Financial LLC bought a new stake in Polaris during the 3rd quarter valued at $535,000. Finally, Toronto Dominion Bank raised its position in Polaris by 2.9% during the 3rd quarter. Toronto Dominion Bank now owns 16,484 shares of the company’s stock valued at $1,372,000 after purchasing an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson reduced their price target on Polaris from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday. Finally, Robert W. Baird reduced their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.00.

Polaris Price Performance

NYSE PII traded down $1.89 during trading hours on Friday, reaching $53.53. The company’s stock had a trading volume of 499,798 shares, compared to its average volume of 761,547. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 6.59 and a beta of 1.53. Polaris Inc. has a 1-year low of $52.77 and a 1-year high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The company’s 50-day moving average is $63.68 and its two-hundred day moving average is $74.51.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s revenue for the quarter was down 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. On average, equities analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.93%. Polaris’s payout ratio is currently 73.74%.

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.