Polaris Inc. (NYSE:PII) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Polaris Inc. (NYSE:PII) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,302 shares of the company’s stock after buying an additional 14,790 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned approximately 0.21% of Polaris worth $6,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quarry LP grew its holdings in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after acquiring an additional 253 shares in the last quarter. Twin Tree Management LP bought a new stake in Polaris in the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its stake in Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock worth $30,000 after buying an additional 387 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Polaris by 232.6% during the 4th 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. Institutional investors and hedge funds own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PII shares. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Citigroup downgraded shares of Polaris from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Finally, Roth Mkm cut their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus price target of $59.83.

Polaris Stock Up 2.2 %

PII opened at $42.91 on Tuesday. 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 12 month low of $39.29 and a 12 month high of $100.91. The stock’s 50 day moving average price is $47.01 and its 200 day moving average price is $62.23. The stock has a market cap of $2.41 billion, a P/E ratio of 21.89, a P/E/G ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.67 per share. This is an increase from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris’s payout ratio is 136.73%.

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.