Zurcher Kantonalbank Zurich Cantonalbank Has $1.11 Million Position in Polaris Inc. (NYSE:PII)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Polaris Inc. (NYSE:PII) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,725 shares of the company’s stock after purchasing an additional 1,165 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Polaris were worth $1,111,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Polaris in the fourth quarter valued at about $31,000. Larson Financial Group LLC grew its position in shares of Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Polaris during the third quarter worth about $46,000. Concord Wealth Partners acquired a new stake in Polaris during the third quarter worth about $66,000. Finally, Blue Trust Inc. grew its position in Polaris by 1,286.0% during the fourth quarter. Blue Trust Inc. now owns 693 shares of the company’s stock worth $72,000 after buying an additional 643 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

NYSE:PII opened at $83.81 on Friday. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49. The firm has a 50 day moving average of $92.40 and a 200-day moving average of $91.41. The company has a current ratio of 1.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $4.74 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. Polaris’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Polaris Inc. will post 7.94 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Longbow Research raised Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Monday, April 8th. KeyCorp decreased their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Royal Bank of Canada decreased their target price on Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.27.

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.