2,571 Shares in Polaris Inc. (NYSE:PII) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in shares of Polaris Inc. (NYSE:PII) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,571 shares of the company’s stock, valued at approximately $148,000.

Several other institutional investors and hedge funds have also bought and sold shares of PII. Raymond James Financial Inc. bought a new stake in shares of Polaris in the 4th quarter worth approximately $21,776,000. State of Alaska Department of Revenue grew its position in shares of Polaris by 371.7% in the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after buying an additional 22,835 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Polaris by 45.3% in the 4th quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in shares of Polaris in the 4th quarter worth approximately $1,318,000. Finally, Amundi bought a new stake in shares of Polaris in the 4th quarter worth approximately $1,179,000. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of PII opened at $41.95 on Friday. 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 Inc. has a one year low of $39.29 and a one year high of $100.91. The firm has a market capitalization of $2.35 billion, a P/E ratio of 21.40, a PEG ratio of 13.95 and a beta of 1.54. The business has a fifty day moving average of $47.26 and a 200 day moving average of $62.78.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

PII has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 target price on shares of Polaris in a research note on Monday, March 17th. DA Davidson lowered their target price on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 target price (down previously from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. Bank of America lowered their target price on Polaris from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, BMO Capital Markets lowered their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and a consensus price target of $59.83.

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.