Mirabella Financial Services LLP Invests $511,000 in Polaris Inc. (NYSE:PII)

Mirabella Financial Services LLP purchased a new stake in Polaris Inc. (NYSE:PII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,884 shares of the company’s stock, valued at approximately $511,000.

Several other hedge funds have also bought and sold shares of the business. Twin Tree Management LP bought a new position in shares of Polaris in the fourth quarter valued at $29,000. Larson Financial Group LLC lifted its position in Polaris by 386.5% in the 4th 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. Lindbrook Capital LLC lifted its position in Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares in the last quarter. GAMMA Investing LLC increased its holdings in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company’s stock worth $59,000 after purchasing an additional 460 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Price Performance

Polaris stock opened at $33.09 on Monday. The business’s 50 day simple moving average is $41.18 and its 200 day simple moving average is $55.68. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 13.95 and a beta of 1.32. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Polaris Inc. will post 1.11 EPS for the current 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 is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 8.10%. Polaris’s payout ratio is presently 136.73%.

Analyst Ratings Changes

Several brokerages recently issued reports on PII. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 target price on shares of Polaris in a research report on Monday, March 17th. Baird R W downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup cut shares of Polaris from a “neutral” rating to a “sell” rating and cut their price target for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Polaris presently has an average rating of “Hold” and an average target price of $50.64.

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.