Alpine Woods Capital Investors LLC Makes New $605,000 Investment in Polaris Inc. (NYSE:PII)

Alpine Woods Capital Investors LLC bought a new position in Polaris Inc. (NYSE:PII) during the 4th quarter, Holdings Channel reports. The institutional investor bought 10,500 shares of the company’s stock, valued at approximately $605,000.

Several other hedge funds have also added to or reduced their stakes in PII. Venturi Wealth Management LLC boosted its holdings in Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock worth $29,000 after acquiring an additional 294 shares in the last quarter. Larson Financial Group LLC boosted its holdings in 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 acquiring an additional 402 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after acquiring an additional 387 shares in the last quarter. Quarry LP raised 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 last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% in 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 last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Down 4.9 %

Polaris stock opened at $42.25 on Friday. The stock has a market cap of $2.37 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. 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 one year low of $39.79 and a one year high of $100.91. The stock has a fifty day moving average of $49.22 and a 200 day moving average of $64.70.

Polaris (NYSE:PII) last posted its quarterly earnings data 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, sell-side analysts predict that Polaris Inc. will post 1.11 EPS for the current 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 issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.34%. 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. Polaris’s payout ratio is currently 136.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PII. KeyCorp cut Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. DA Davidson decreased their price target on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. StockNews.com cut Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a research note 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.17.

Polaris Company 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.