SRS Capital Advisors Inc. Acquires 1,640 Shares of Polaris Inc. (NYSE:PII)

SRS Capital Advisors Inc. raised its holdings in Polaris Inc. (NYSE:PII) by 418.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,032 shares of the company’s stock after purchasing an additional 1,640 shares during the period. SRS Capital Advisors Inc.’s holdings in Polaris were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of Polaris by 371.7% in the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after buying an additional 22,835 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in Polaris in the fourth quarter valued at about $1,318,000. Caprock Group LLC grew its position in shares of Polaris by 174.4% during the 4th quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock valued at $607,000 after acquiring an additional 6,693 shares during the period. Hidden Cove Wealth Management LLC purchased a new stake in shares of Polaris during the 4th quarter worth approximately $432,000. Finally, Kiltearn Partners LLP increased its stake in shares of Polaris by 147.9% during the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Performance

Polaris stock opened at $41.16 on Thursday. Polaris Inc. has a 1-year low of $39.79 and a 1-year high of $100.91. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2.31 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50. The firm’s 50 day simple moving average is $50.71 and its 200 day simple moving average is $66.21.

Polaris (NYSE:PII) last released 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 net margin of 1.54% and a return on equity of 13.78%. As a group, analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is 136.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PII shares. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Robert W. Baird lowered their price objective on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Citigroup cut their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $66.17.

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.