Polaris Inc. (NYSE:PII) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Polaris Inc. (NYSE:PII) by 25.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,212 shares of the company’s stock after buying an additional 866 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Polaris were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PII. Venturi Wealth Management LLC boosted its stake in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. increased its position in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares during the last quarter. Quarry LP raised its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Polaris during the second quarter worth about $57,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PII has been the topic of several research reports. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective (down previously from $81.00) on shares of Polaris in a research note on Tuesday. DA Davidson dropped their price target on Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Finally, KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.82.

Polaris Trading Down 0.9 %

Polaris stock opened at $54.99 on Wednesday. Polaris Inc. has a 52-week low of $52.77 and a 52-week high of $100.91. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 5.30 and a beta of 1.53. The firm has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $73.27.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The business’s quarterly revenue was down 23.4% on a year-over-year basis. Sell-side analysts expect that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s payout ratio is currently 73.74%.

About Polaris

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.