Nuance Investments LLC Takes Position in Polaris Inc. (NYSE:PII)

Nuance Investments LLC bought a new position in Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 109,411 shares of the company’s stock, valued at approximately $6,304,000. Nuance Investments LLC owned about 0.20% of Polaris as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PII. Larson Financial Group LLC lifted its stake in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares during the last quarter. Twin Tree Management LP bought a new stake in Polaris during the fourth quarter valued at about $29,000. Lindbrook Capital LLC grew its position in shares of Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the last quarter. Quarry LP increased its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Polaris by 232.6% during the 4th 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. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PII. BMO Capital Markets dropped their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird reduced their price target on shares of Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, March 17th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. UBS Group decreased their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Bank of America lowered their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given 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 $59.83.

Polaris Stock Down 3.1 %

Shares of NYSE:PII opened at $41.59 on Wednesday. The company’s fifty day moving average is $46.73 and its 200-day moving average is $61.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. Polaris Inc. has a 52 week low of $39.29 and a 52 week high of $100.91. The company has a market capitalization of $2.33 billion, a PE ratio of 21.22, a P/E/G ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings data 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%. Equities research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 6.44%. This is a positive change from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is currently 136.73%.

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.