Royal London Asset Management Ltd. Has $12.90 Million Stock Position in Polaris Inc. (NYSE:PII)

Royal London Asset Management Ltd. lifted its stake in shares of Polaris Inc. (NYSE:PII) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 223,847 shares of the company’s stock after buying an additional 2,366 shares during the period. Royal London Asset Management Ltd.’s holdings in Polaris were worth $12,898,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PII. Larson Financial Group LLC grew 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 purchasing an additional 402 shares in the last quarter. Twin Tree Management LP acquired a new stake in Polaris in the fourth quarter valued at about $29,000. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after buying an additional 387 shares in the last quarter. Quarry LP boosted 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 in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock valued at $56,000 after buying an additional 677 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PII has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on Polaris from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. DA Davidson reduced their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 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 note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $54.00 price objective on shares of Polaris in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.83.

Polaris Price Performance

Polaris stock opened at $41.95 on Friday. Polaris Inc. has a 12 month low of $39.29 and a 12 month high of $100.91. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $2.35 billion, a PE ratio of 21.40, a P/E/G ratio of 13.95 and a beta of 1.54. The stock has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $62.64.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.39%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s dividend payout ratio (DPR) is 136.73%.

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.