Alaska Permanent Fund Corp Buys Shares of 4,695 Polaris Inc. (NYSE:PII)

Alaska Permanent Fund Corp purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,695 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BKM Wealth Management LLC acquired a new stake in Polaris during the 4th quarter worth $31,000. Larson Financial Group LLC increased its holdings in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. Orion Capital Management LLC acquired a new position in Polaris in the third quarter valued at about $46,000. Concord Wealth Partners bought a new position in Polaris during the third quarter worth about $66,000. Finally, Blue Trust Inc. grew its position in shares of Polaris by 1,286.0% during the 4th quarter. Blue Trust Inc. now owns 693 shares of the company’s stock worth $72,000 after buying an additional 643 shares during the period. 88.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PII. Royal Bank of Canada cut their price target on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Bank of America initiated coverage on shares of Polaris in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target on the stock. Citigroup lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a research report on Wednesday. DA Davidson reissued a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Finally, BMO Capital Markets lowered their price target on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $100.27.

Polaris Stock Up 0.6 %

NYSE:PII opened at $83.79 on Friday. The stock has a 50-day simple moving average of $92.56 and a 200 day simple moving average of $91.51. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49. The company has a market cap of $4.73 billion, a PE ratio of 12.29, a PEG ratio of 2.44 and a beta of 1.60. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.46 and a current ratio of 1.47.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. On average, sell-side analysts expect that Polaris Inc. will post 7.94 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.66 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 3.15%. Polaris’s dividend payout ratio (DPR) 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.