Polaris Inc. (NYSE:PII) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in Polaris Inc. (NYSE:PII - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,111 shares of the company's stock after selling 8,658 shares during the quarter. Corient Private Wealth LLC's holdings in Polaris were worth $237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its position in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after buying an additional 253 shares during the period. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% during the 4th 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. Lindbrook Capital LLC grew its position in shares of 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 acquiring an additional 387 shares during the period. GAMMA Investing LLC increased its stake in shares of Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Polaris by 19.9% in the 3rd quarter. National Bank of Canada FI now owns 1,101 shares of the company's stock worth $92,000 after purchasing an additional 183 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

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Polaris Stock Up 1.8 %

Shares of NYSE PII traded up $0.66 during midday trading on Friday, hitting $36.80. 1,174,904 shares of the company's stock were exchanged, compared to its average volume of 1,006,321. The firm's fifty day simple moving average is $44.76 and its 200-day simple moving average is $60.37. The company has a market cap of $2.06 billion, a PE ratio of 18.86, a P/E/G ratio of 13.95 and a beta of 1.54. Polaris Inc. has a twelve month low of $33.63 and a twelve month high of $100.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

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, topping analysts' consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. Research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.28%. The ex-dividend date was Monday, March 3rd. This is an increase from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is currently 136.73%.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $54.00 price objective on shares of Polaris in a report on Monday, March 17th. Finally, Truist Financial cut their price target on Polaris from $60.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Polaris currently has an average rating of "Hold" and an average target price of $58.50.

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.