Jump Financial LLC Has $5.01 Million Stock Position in Polaris Inc. (NYSE:PII)

Jump Financial LLC increased its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,904 shares of the company's stock after purchasing an additional 16,820 shares during the period. Jump Financial LLC owned 0.16% of Polaris worth $5,007,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RWWM Inc. raised its holdings in shares of Polaris by 377.4% in the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock worth $51,264,000 after purchasing an additional 703,322 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Polaris by 132.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock worth $51,909,000 after purchasing an additional 513,542 shares in the last quarter. Norges Bank acquired a new stake in Polaris during the 4th quarter worth about $24,659,000. Raymond James Financial Inc. purchased a new position in shares of Polaris in the fourth quarter worth approximately $21,776,000. Finally, American Century Companies Inc. lifted its position in shares of Polaris by 32.5% in the 4th quarter. American Century Companies Inc. now owns 995,872 shares of the company's stock valued at $57,382,000 after acquiring an additional 244,252 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

Shares of PII stock traded up $0.53 during trading hours on Tuesday, hitting $33.54. The company had a trading volume of 271,593 shares, compared to its average volume of 1,082,669. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 13.95 and a beta of 1.32. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62. The firm's fifty day moving average is $40.96 and its 200 day moving average is $55.34.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is presently 136.73%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PII shares. Roth Mkm decreased their price target on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a report on Friday, January 24th. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Truist Financial decreased their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, 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 report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $50.64.

Polaris 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.