Polaris Inc. (NYSE:PII) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Polaris Inc. (NYSE:PII) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,758 shares of the company’s stock after selling 535 shares during the period. Yousif Capital Management LLC’s holdings in Polaris were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Polaris by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of Polaris by 0.7% in the 3rd quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after buying an additional 6,724 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after buying an additional 171,366 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of Polaris by 9.9% in the 3rd quarter. Systematic Financial Management LP now owns 229,565 shares of the company’s stock valued at $19,109,000 after purchasing an additional 20,695 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Polaris by 0.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 221,481 shares of the company’s stock valued at $18,436,000 after acquiring an additional 818 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PII. Robert W. Baird lowered their price objective on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. DA Davidson lowered their price target on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reduced their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.17.

Polaris Trading Up 0.6 %

PII opened at $44.41 on Friday. The firm’s 50 day moving average is $54.90 and its 200-day moving average is $69.61. Polaris Inc. has a 52-week low of $42.85 and a 52-week high of $100.91. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2.48 billion, a P/E ratio of 22.66, a P/E/G ratio of 13.80 and a beta of 1.50.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 6.03%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is presently 136.73%.

Polaris 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.