Angeles Wealth Management LLC Makes New Investment in Polaris Inc. (NYSE:PII)

Angeles Wealth Management LLC purchased a new stake in Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,875 shares of the company’s stock, valued at approximately $1,318,000.

A number of other hedge funds have also recently made changes to their positions in PII. Venturi Wealth Management LLC boosted its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the period. Quarry LP raised its holdings in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Polaris by 2,431.3% during the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after acquiring an additional 389 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Polaris by 19.9% in the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PII. Citigroup dropped 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. Robert W. Baird cut their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. BMO Capital Markets reduced their price objective 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. Royal Bank of Canada decreased their target price on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Finally, KeyCorp lowered shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $66.17.

Polaris Stock Performance

Polaris stock opened at $44.34 on Monday. Polaris Inc. has a fifty-two week low of $43.20 and a fifty-two week high of $100.91. The stock’s 50 day simple moving average is $56.63 and its two-hundred day simple moving average is $70.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 13.80 and a beta of 1.50.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.04%. Polaris’s dividend payout ratio is currently 134.69%.

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.