B. Metzler seel. Sohn & Co. AG Lowers Stake in Polaris Inc. (NYSE:PII)

B. Metzler seel. Sohn & Co. AG decreased its holdings in Polaris Inc. (NYSE:PII) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,268 shares of the company’s stock after selling 2,483 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Polaris were worth $880,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. National Bank of Canada FI raised its stake in shares of Polaris by 19.9% during the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after buying an additional 183 shares during the period. Nordea Investment Management AB boosted its stake in shares of Polaris by 0.6% in the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after acquiring an additional 183 shares during the last quarter. Quarry LP grew its holdings in shares of Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after buying an additional 253 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Polaris by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock valued at $208,000 after acquiring an additional 263 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Polaris by 5.1% in the fourth quarter. Xponance Inc. now owns 5,956 shares of the company’s stock valued at $343,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

PII stock opened at $36.20 on Friday. The business’s fifty day moving average price is $44.76 and its 200 day moving average price is $60.37. Polaris Inc. has a 12-month low of $35.84 and a 12-month high of $100.00. The company has a market capitalization of $2.03 billion, a PE ratio of 18.47, a P/E/G ratio of 13.95 and a beta of 1.54. 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 issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.40%. The ex-dividend date was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is currently 136.73%.

Wall Street Analyst Weigh In

PII has been the subject of a number of recent research reports. DA Davidson cut their target price on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. UBS Group decreased their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Robert W. Baird dropped their price target on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, March 17th. Finally, Bank of America decreased their price objective on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $59.83.

Polaris 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.