Gallacher Capital Management LLC Takes Position in Polaris Inc. (NYSE:PII)

Gallacher Capital Management LLC bought 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 fund bought 4,565 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new stake in shares of Polaris in the fourth quarter valued at $31,000. Larson Financial Group LLC grew its holdings in Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after acquiring an additional 338 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Polaris in the 3rd quarter valued at approximately $46,000. Concord Wealth Partners bought a new stake in shares of Polaris during the 3rd quarter valued at about $66,000. Finally, Blue Trust Inc. boosted its stake in Polaris by 1,286.0% in the fourth quarter. Blue Trust Inc. now owns 693 shares of the company’s stock valued at $72,000 after acquiring an additional 643 shares during the period. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Up 0.2 %

Polaris stock traded up $0.13 during trading on Friday, hitting $83.92. 604,140 shares of the company were exchanged, compared to its average volume of 842,588. Polaris Inc. has a 52 week low of $82.00 and a 52 week high of $138.49. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $4.74 billion, a P/E ratio of 12.31, a PEG ratio of 2.44 and a beta of 1.61. The business’s 50 day moving average is $91.61 and its 200 day moving average is $90.85.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.06 by $0.17. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. Polaris’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the firm earned $2.05 EPS. Analysts predict that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.66 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.15%. Polaris’s dividend payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PII. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Citigroup cut their price target on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird dropped their target price on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their target price on shares of Polaris from $103.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Finally, Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $103.00 to $113.00 in a research report on Wednesday, January 17th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.27.

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.