Kennedy Capital Management LLC Increases Holdings in Polaris Inc. $PII

Kennedy Capital Management LLC raised its stake in Polaris Inc. (NYSE:PII) by 5.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 206,236 shares of the company’s stock after acquiring an additional 10,350 shares during the quarter. Kennedy Capital Management LLC’s holdings in Polaris were worth $8,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. RWWM Inc. grew its stake in shares of Polaris by 0.3% in the second quarter. RWWM Inc. now owns 2,401,477 shares of the company’s stock valued at $97,620,000 after buying an additional 6,428 shares in the last quarter. Select Equity Group L.P. boosted its holdings in Polaris by 142.1% in the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company’s stock worth $66,346,000 after acquiring an additional 951,195 shares during the period. Geode Capital Management LLC grew its position in Polaris by 44.5% in the second quarter. Geode Capital Management LLC now owns 1,311,659 shares of the company’s stock valued at $53,326,000 after acquiring an additional 404,178 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Polaris by 9.4% during the second quarter. American Century Companies Inc. now owns 1,168,100 shares of the company’s stock valued at $47,483,000 after purchasing an additional 100,624 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Polaris by 51.5% during the second quarter. Bank of New York Mellon Corp now owns 1,151,301 shares of the company’s stock valued at $46,800,000 after purchasing an additional 391,209 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PII. Royal Bank Of Canada upped their target price on shares of Polaris from $56.00 to $67.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Citigroup raised their target price on Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Roth Capital boosted their price target on Polaris from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, UBS Group raised their price objective on Polaris from $45.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.25.

Polaris Stock Performance

PII stock opened at $65.65 on Friday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $75.25. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of -24.77 and a beta of 1.12. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.36 and a current ratio of 1.02. The stock’s fifty day moving average is $64.83 and its two-hundred day moving average is $54.61.

Polaris (NYSE:PII) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.68 billion. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. Polaris’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. On average, research analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.68 annualized dividend and a yield of 4.1%. Polaris’s payout ratio is presently -101.13%.

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.