Foster & Motley Inc. Sells 205 Shares of Polaris Inc. (NYSE:PII)

Foster & Motley Inc. lowered its holdings in Polaris Inc. (NYSE:PII) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,776 shares of the company’s stock after selling 205 shares during the quarter. Foster & Motley Inc.’s holdings in Polaris were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. RWA Wealth Partners LLC bought a new position in Polaris during the 4th quarter valued at about $284,000. Telemus Capital LLC raised its holdings in shares of Polaris by 66.7% during the fourth quarter. Telemus Capital LLC now owns 8,934 shares of the company’s stock valued at $847,000 after purchasing an additional 3,575 shares during the last quarter. Duality Advisers LP lifted its position in Polaris by 0.7% during the fourth quarter. Duality Advisers LP now owns 34,163 shares of the company’s stock valued at $3,238,000 after purchasing an additional 254 shares during the period. CWM LLC boosted its holdings in Polaris by 109.4% in the fourth quarter. CWM LLC now owns 2,333 shares of the company’s stock worth $221,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Polaris by 8.4% in the fourth quarter. Xponance Inc. now owns 8,660 shares of the company’s stock worth $821,000 after purchasing an additional 670 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Bank of America assumed coverage on Polaris in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price on the stock. Royal Bank of Canada reduced their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research report on Wednesday. KeyCorp dropped their price objective on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Finally, StockNews.com upgraded shares of Polaris from a “hold” rating to a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.27.

Polaris Trading Down 1.5 %

Shares of Polaris stock opened at $85.21 on Thursday. Polaris Inc. has a twelve month low of $82.00 and a twelve month high of $138.49. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $92.86 and a 200-day moving average price of $91.61. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.60.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.17. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 EPS. Equities research analysts anticipate that Polaris Inc. will post 7.97 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.66 per share. This is an increase from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a yield of 3.10%. Polaris’s dividend payout ratio is presently 38.71%.

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.