Southernsun Asset Management LLC Has $16.42 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Southernsun Asset Management LLC grew its position in Polaris Inc. (NYSE:PII) by 22.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 284,957 shares of the company’s stock after buying an additional 52,988 shares during the period. Polaris makes up 2.0% of Southernsun Asset Management LLC’s portfolio, making the stock its 20th largest position. Southernsun Asset Management LLC owned approximately 0.51% of Polaris worth $16,419,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of Polaris by 0.6% during the fourth quarter. Nordea Investment Management AB now owns 28,811 shares of the company’s stock worth $1,676,000 after purchasing an additional 183 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Polaris by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after buying an additional 241 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Polaris by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,601 shares of the company’s stock worth $208,000 after acquiring an additional 263 shares in the last quarter. Xponance Inc. raised its holdings in shares of Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company’s stock worth $343,000 after acquiring an additional 288 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Polaris by 1.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company’s stock worth $1,435,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 0.4 %

Shares of Polaris stock opened at $33.04 on Tuesday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 13.95 and a beta of 1.32. The business has a fifty day simple moving average of $40.96 and a two-hundred day simple moving average of $55.34. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Research analysts forecast 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. Investors of record on Monday, March 3rd were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 8.11%. Polaris’s dividend payout ratio is 136.73%.

Analyst Ratings Changes

A number of brokerages have recently commented on PII. Robert W. Baird lowered Polaris from an “outperform” rating to a “neutral” rating and cut their price target for the company from $56.00 to $40.00 in a report on Friday, April 4th. UBS Group decreased their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Citigroup cut shares of Polaris from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Finally, Bank of America lowered their target price on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average target price of $50.64.

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.