14,561 Shares in Polaris Inc. (NYSE:PII) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Polaris Inc. (NYSE:PII - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 14,561 shares of the company's stock, valued at approximately $839,000.

Other large investors have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in Polaris by 534.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after acquiring an additional 294 shares in the last quarter. Quarry LP grew its stake in Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company's stock worth $32,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC raised its holdings in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares in the last quarter. National Bank of Canada FI lifted its position in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock valued at $92,000 after buying an additional 183 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Polaris by 418.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company's stock valued at $117,000 after buying an additional 1,640 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

NYSE PII traded up $2.61 during trading hours on Friday, hitting $47.58. The company's stock had a trading volume of 2,672,969 shares, compared to its average volume of 924,827. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The company has a market cap of $2.67 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. The company's 50 day simple moving average is $50.14 and its two-hundred day simple moving average is $65.89. Polaris Inc. has a 12 month low of $39.79 and a 12 month high of $100.91.

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Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be 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 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Monday, March 3rd. Polaris's payout ratio is currently 136.73%.

Analyst Ratings Changes

Several brokerages recently issued reports on PII. DA Davidson decreased their price target on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Citigroup decreased their target price on shares of Polaris from $57.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. BMO Capital Markets cut their price target 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. UBS Group lowered their price objective on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial cut their target price on Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $66.17.

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.