Beutel Goodman & Co Ltd. increased its position in Polaris Inc. (NYSE:PII - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,775,331 shares of the company's stock after buying an additional 69,766 shares during the quarter. Beutel Goodman & Co Ltd. owned 4.98% of Polaris worth $159,914,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PII. Larson Financial Group LLC increased its position in shares of Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after acquiring an additional 402 shares during the period. Twin Tree Management LP bought a new stake in shares of Polaris in the fourth quarter worth about $29,000. Lindbrook Capital LLC increased its holdings in Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares during the period. Quarry LP raised its position in Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after purchasing an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Polaris by 232.6% in 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 period. 88.06% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PII has been the topic of several research analyst reports. UBS Group reduced their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. KeyCorp downgraded shares of 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 research report on Wednesday, January 8th. Truist Financial decreased their price target on shares of Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.83.
View Our Latest Stock Analysis on Polaris
Polaris Stock Up 3.6 %
Polaris stock traded up $1.47 during mid-day trading on Wednesday, hitting $42.84. The company had a trading volume of 281,582 shares, compared to its average volume of 991,515. Polaris Inc. has a 12 month low of $39.29 and a 12 month high of $100.00. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock's 50 day moving average price is $45.34 and its two-hundred day moving average price is $60.66. The company has a market capitalization of $2.40 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54.
Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 EPS 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 anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.
Polaris Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 6.26%. Polaris's dividend payout ratio is 136.73%.
About Polaris
(
Free Report)
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.
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