Systematic Financial Management LP Grows Stock Holdings in Polaris Inc. (NYSE:PII)

Systematic Financial Management LP increased its stake in shares of Polaris Inc. (NYSE:PII) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,177 shares of the company’s stock after purchasing an additional 17,612 shares during the period. Systematic Financial Management LP owned approximately 0.44% of Polaris worth $14,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PII. RWWM Inc. raised its holdings in shares of Polaris by 377.4% during the fourth quarter. RWWM Inc. now owns 889,698 shares of the company’s stock valued at $51,264,000 after purchasing an additional 703,322 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Polaris by 132.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company’s stock valued at $51,909,000 after buying an additional 513,542 shares during the last quarter. Norges Bank purchased a new stake in Polaris during the fourth quarter valued at approximately $24,659,000. Capital World Investors increased its holdings in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock valued at $354,725,000 after buying an additional 388,050 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Polaris during the fourth quarter valued at approximately $21,776,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

PII opened at $39.24 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of 20.02, a PEG ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $88.00. The company has a 50 day simple moving average of $37.31 and a two-hundred day simple moving average of $49.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Polaris’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.83%. Polaris’s dividend payout ratio is 372.22%.

Analyst Upgrades and Downgrades

PII has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Polaris from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Baird R W cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Roth Mkm reduced their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Morgan Stanley reduced their target price on shares of Polaris from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Finally, Bank of America reduced their target price on shares of Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.36.

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.