Gallacher Capital Management LLC Makes New $433,000 Investment in Polaris Inc. (NYSE:PII)

Gallacher Capital Management LLC purchased a new stake in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,565 shares of the company’s stock, valued at approximately $433,000.

Several other large investors also recently modified their holdings of PII. The Manufacturers Life Insurance Company boosted its holdings in Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock valued at $257,993,000 after purchasing an additional 202,794 shares during the period. AQR Capital Management LLC increased its stake in Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock worth $44,168,000 after purchasing an additional 255,777 shares during the period. Northern Trust Corp boosted its holdings in shares of Polaris by 1.4% during the third quarter. Northern Trust Corp now owns 406,947 shares of the company’s stock worth $42,379,000 after purchasing an additional 5,493 shares during the period. Brown Advisory Inc. increased its position in Polaris by 2.7% during the 3rd quarter. Brown Advisory Inc. now owns 366,241 shares of the company’s stock valued at $38,140,000 after purchasing an additional 9,514 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of Polaris by 276.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock worth $37,845,000 after acquiring an additional 266,887 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

NYSE:PII traded up $0.13 during trading hours on Friday, reaching $83.92. The company had a trading volume of 604,140 shares, compared to its average volume of 842,588. The business’s 50 day moving average price is $91.61 and its 200-day moving average price is $90.85. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49. The firm has a market cap of $4.74 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.44 and a beta of 1.61. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42.

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

Polaris Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of Polaris from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th. KeyCorp decreased their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Robert W. Baird decreased their price target on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Royal Bank of Canada lowered their target price on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Finally, BMO Capital Markets lowered their price target on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $100.27.

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.