Alpine Woods Capital Investors LLC Makes New Investment in Polaris Inc. (NYSE:PII)

Alpine Woods Capital Investors LLC purchased a new position in shares of Polaris Inc. (NYSE:PII) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,500 shares of the company’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after buying an additional 294 shares in the last quarter. Quarry LP boosted its holdings in shares of Polaris by 187.4% during the 3rd 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. Larson Financial Group LLC boosted its holdings in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 402 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the period. Finally, GAMMA Investing LLC raised 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 period. 88.06% of the stock is currently owned by institutional investors.

Polaris Trading Down 4.9 %

NYSE PII opened at $42.25 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a twelve month low of $39.79 and a twelve month high of $100.91. The firm has a market capitalization of $2.37 billion, a PE ratio of 21.56, a P/E/G ratio of 13.95 and a beta of 1.54. The stock’s 50 day moving average is $49.22 and its 200 day moving average is $64.70.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share 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 earnings per share for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.34%. Polaris’s payout ratio is currently 136.73%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. UBS Group lowered 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. DA Davidson lowered their price target on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Polaris has an average 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.