Alpine Woods Capital Investors LLC Invests $605,000 in Polaris Inc. (NYSE:PII)

Alpine Woods Capital Investors LLC purchased a new position in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,500 shares of the company's stock, valued at approximately $605,000.

A number of other large investors have also recently made changes to their positions in PII. Northwest Wealth Management LLC bought a new stake in Polaris during the fourth quarter valued at $282,000. Commonwealth Equity Services LLC boosted its stake in Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Polaris by 10.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,796 shares of the company's stock worth $9,323,000 after purchasing an additional 14,830 shares during the last quarter. HighTower Advisors LLC lifted its stake in Polaris by 20.4% during the fourth quarter. HighTower Advisors LLC now owns 5,238 shares of the company's stock worth $302,000 after purchasing an additional 888 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Polaris by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,885 shares of the company's stock worth $800,000 after purchasing an additional 1,684 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Trading Down 3.3 %

NYSE:PII traded down $1.45 during mid-day trading on Tuesday, reaching $42.56. 1,145,419 shares of the company's stock traded hands, compared to its average volume of 948,248. Polaris Inc. has a 12-month low of $39.79 and a 12-month high of $100.91. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 13.95 and a beta of 1.54. 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 50 day moving average price of $48.34 and a 200-day moving average price of $63.66.

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Polaris (NYSE:PII - Get Free Report) last posted 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 return on equity of 13.78% and a net margin of 1.54%. On average, sell-side analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.30%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's payout ratio is presently 136.73%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PII. Truist Financial dropped their price target on Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. UBS Group dropped their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. KeyCorp lowered Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. DA Davidson decreased their price objective on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Robert W. Baird decreased their price objective on Polaris from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $61.50.

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.