Alberta Investment Management Corp Has $1.62 Million Stake in Polaris Inc. (NYSE:PII)

Alberta Investment Management Corp boosted its holdings in Polaris Inc. (NYSE:PII) by 122.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,040 shares of the company’s stock after buying an additional 15,440 shares during the period. Alberta Investment Management Corp owned approximately 0.05% of Polaris worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PII. Venturi Wealth Management LLC raised its position in shares of Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after acquiring an additional 294 shares during the last quarter. Blue Trust Inc. increased its holdings in Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Quarry LP lifted its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the period. GAMMA Investing LLC boosted its holdings in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after buying an additional 677 shares during the last quarter. Finally, National Bank of Canada FI grew its position 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. 88.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. KeyCorp downgraded shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price (down from $81.00) on shares of Polaris in a report on Tuesday, January 21st. Robert W. Baird reduced their target price on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. UBS Group cut their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets lowered their price objective on shares of 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.17.

Polaris Stock Up 1.5 %

Polaris stock opened at $46.56 on Friday. 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 Inc. has a 1-year low of $42.85 and a 1-year high of $100.91. The company has a fifty day simple moving average of $52.62 and a 200 day simple moving average of $68.14. The company has a market cap of $2.61 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 14.11 and a beta of 1.50.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 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%. Research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 5.76%. Polaris’s payout ratio is 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.