New York State Teachers Retirement System Buys 540 Shares of Polaris Inc. (NYSE:PII)

New York State Teachers Retirement System increased its stake in Polaris Inc. (NYSE:PII) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,672 shares of the company’s stock after buying an additional 540 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Polaris worth $6,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Polaris by 71.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Polaris in the 4th quarter worth about $31,000. Money Concepts Capital Corp lifted its stake in Polaris by 89.1% in the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock worth $32,000 after purchasing an additional 147 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after buying an additional 338 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Polaris in the third quarter worth approximately $46,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PII. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Monday, April 8th. Bank of America began coverage on shares of Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. DA Davidson reiterated a “neutral” rating and set a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. KeyCorp dropped their target price on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Finally, BMO Capital Markets decreased their price target on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and an average target price of $104.73.

Polaris Stock Performance

Shares of NYSE:PII opened at $90.55 on Friday. The firm has a 50 day moving average of $93.24 and a 200 day moving average of $92.38. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.52 and a beta of 1.60. Polaris Inc. has a 52 week low of $82.00 and a 52 week high of $138.49.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a return on equity of 40.98% and a net margin of 5.63%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm posted $3.46 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts predict that Polaris Inc. will post 7.95 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.66 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Polaris’s previous quarterly dividend of $0.65. Polaris’s payout ratio is presently 30.34%.

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.