Artisan Partners Limited Partnership Has $51.91 Million Position in Polaris Inc. (NYSE:PII)

Artisan Partners Limited Partnership grew its position in shares of Polaris Inc. (NYSE:PII) by 132.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900,891 shares of the company’s stock after buying an additional 513,542 shares during the period. Artisan Partners Limited Partnership owned approximately 1.62% of Polaris worth $51,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 402 shares in the last quarter. Twin Tree Management LP bought a new stake in Polaris in the 4th quarter valued at about $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares in the last quarter. Quarry LP increased its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group reduced their price target on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Bank of America decreased their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.83.

Polaris Stock Up 0.5 %

Shares of NYSE:PII opened at $43.19 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52-week low of $39.29 and a 52-week high of $100.91. The company has a market capitalization of $2.42 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The company has a fifty day moving average of $46.19 and a 200-day moving average of $61.70.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, equities analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.20%. This is a positive change from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is presently 136.73%.

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.