Citigroup Inc. Has $3.56 Million Position in Polaris Inc. (NYSE:PII)

Citigroup Inc. lowered its stake in shares of Polaris Inc. (NYSE:PII – Get Rating) by 15.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,233 shares of the company’s stock after selling 6,591 shares during the period. Citigroup Inc.’s holdings in Polaris were worth $3,559,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Polaris by 1.5% during the third quarter. Vanguard Group Inc. now owns 5,885,506 shares of the company’s stock valued at $562,950,000 after acquiring an additional 89,717 shares in the last quarter. BlackRock Inc. boosted its position in Polaris by 0.3% during the first quarter. BlackRock Inc. now owns 4,803,771 shares of the company’s stock worth $505,933,000 after purchasing an additional 13,281 shares during the period. State Street Corp grew its holdings in Polaris by 14.8% during the first quarter. State Street Corp now owns 4,136,582 shares of the company’s stock valued at $435,665,000 after purchasing an additional 532,947 shares during the last quarter. Capital World Investors lifted its stake in shares of Polaris by 33.2% in the first quarter. Capital World Investors now owns 3,698,573 shares of the company’s stock worth $389,534,000 after buying an additional 922,101 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Polaris by 3.0% during the 3rd quarter. Boston Partners now owns 2,646,911 shares of the company’s stock worth $253,221,000 after buying an additional 76,223 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Polaris Trading Down 2.4 %

Shares of PII opened at $105.78 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.37 and a debt-to-equity ratio of 1.34. The stock has a market cap of $6.02 billion, a PE ratio of 12.73 and a beta of 1.61. Polaris Inc. has a 1 year low of $91.86 and a 1 year high of $123.87. The stock has a 50 day simple moving average of $107.17 and a 200-day simple moving average of $108.72.

Polaris (NYSE:PII – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.32. Polaris had a return on equity of 60.97% and a net margin of 5.46%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts predict that Polaris Inc. will post 10.19 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 31st. This represents a $2.60 annualized dividend and a yield of 2.46%. Polaris’s dividend payout ratio is 31.29%.

Wall Street Analyst Weigh In

PII has been the topic of several research analyst reports. UBS Group downgraded Polaris from a “buy” rating to a “neutral” rating and lowered their price target for the company from $165.00 to $112.00 in a research report on Friday, January 27th. KeyCorp assumed coverage on Polaris in a report on Wednesday, April 19th. They issued an “overweight” rating and a $125.00 target price on the stock. Robert W. Baird increased their price objective on Polaris from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. DA Davidson boosted their target price on shares of Polaris from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Finally, Royal Bank of Canada upped their target price on shares of Polaris from $108.00 to $115.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 21st. Ten investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and a consensus price target of $114.27.

About Polaris

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Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments: Off-Road, On-Road, and Marine. The Off-Road segment includes off-road vehicles (ORV) and snowmobiles. The On Road segment is involved in the design and manufacture of motorcycles, moto-roadsters, light duty hauling, and passenger vehicles.