Sierra Summit Advisors LLC Makes New Investment in Polaris Inc. (NYSE:PII)

Sierra Summit Advisors LLC purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,940 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in Polaris during the fourth quarter worth $31,000. First United Bank & Trust purchased a new position in Polaris during the fourth quarter worth $40,000. Orion Capital Management LLC purchased a new stake in shares of Polaris in the third quarter valued at $46,000. Security National Bank purchased a new stake in shares of Polaris in the fourth quarter valued at $47,000. Finally, Blue Trust Inc. grew its position in shares of Polaris by 1,286.0% in the fourth quarter. Blue Trust Inc. now owns 693 shares of the company’s stock valued at $72,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Trading Down 1.8 %

Shares of PII opened at $77.05 on Friday. The stock’s 50-day moving average is $84.54 and its two-hundred day moving average is $89.33. The stock has a market cap of $4.35 billion, a PE ratio of 11.30, a P/E/G ratio of 2.71 and a beta of 1.56. Polaris Inc. has a 12 month low of $75.54 and a 12 month high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Equities analysts forecast that Polaris Inc. will post 8.01 earnings per share for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. Bank of America assumed coverage on Polaris in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price objective for the company. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, April 8th. Finally, Citigroup reduced their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of “Hold” and an average price target of $100.27.

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.