Bank of New Hampshire Has $1.40 Million Stake in Polaris Inc. (NYSE:PII)

Bank of New Hampshire trimmed its position in shares of Polaris Inc. (NYSE:PII) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,771 shares of the company’s stock after selling 657 shares during the period. Bank of New Hampshire’s holdings in Polaris were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wynn Capital LLC acquired a new position in shares of Polaris during the fourth quarter worth approximately $719,000. Alaska Permanent Fund Corp purchased a new stake in Polaris in the 4th quarter valued at $445,000. Larson Financial Group LLC raised its position in Polaris by 131.9% in the 4th quarter. Larson Financial Group LLC now owns 930 shares of the company’s stock valued at $88,000 after buying an additional 529 shares during the last quarter. RWA Wealth Partners LLC purchased a new stake in Polaris in the 4th quarter valued at $284,000. Finally, Telemus Capital LLC raised its position in Polaris by 66.7% in the 4th quarter. Telemus Capital LLC now owns 8,934 shares of the company’s stock valued at $847,000 after buying an additional 3,575 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup decreased their target price on Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets decreased their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. DA Davidson reaffirmed a “neutral” rating and set a $80.00 target price on shares of Polaris in a research report on Tuesday, March 5th. Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Robert W. Baird cut their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.27.

Polaris Price Performance

Shares of NYSE PII traded up $0.95 during trading hours on Friday, reaching $84.23. 203,569 shares of the stock traded hands, compared to its average volume of 710,005. The company has a market capitalization of $4.76 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.50 and a beta of 1.60. The company has a quick ratio of 0.46, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49. The company’s 50-day simple moving average is $92.75 and its two-hundred day simple moving average is $91.57.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The business had revenue of $1.74 billion for 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 business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS. Equities research analysts forecast that Polaris Inc. will post 7.93 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.66 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s payout ratio is 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.