National Bank of Canada FI Raises Stake in Polaris Inc. (NYSE:PII)

National Bank of Canada FI raised its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 4,484.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,475 shares of the company's stock after acquiring an additional 49,374 shares during the quarter. National Bank of Canada FI owned about 0.09% of Polaris worth $2,908,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PII. FMR LLC grew its stake in Polaris by 22.0% during the third quarter. FMR LLC now owns 133,665 shares of the company's stock worth $11,126,000 after purchasing an additional 24,103 shares during the period. HighTower Advisors LLC grew its position in shares of Polaris by 20.2% during the 3rd quarter. HighTower Advisors LLC now owns 4,350 shares of the company's stock worth $361,000 after buying an additional 731 shares during the period. Quarry LP increased its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Polaris by 545.1% in the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company's stock worth $2,231,000 after purchasing an additional 22,648 shares during the period. Finally, Stifel Financial Corp increased its stake in Polaris by 11.8% in the third quarter. Stifel Financial Corp now owns 103,061 shares of the company's stock valued at $8,579,000 after purchasing an additional 10,843 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial cut their price target on Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. KeyCorp cut shares of Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.91.

Polaris Stock Performance

Shares of NYSE PII traded up $0.79 during mid-day trading on Friday, reaching $34.19. 2,451,768 shares of the company's stock were exchanged, compared to its average volume of 1,058,731. The firm has a 50-day moving average price of $42.35 and a two-hundred day moving average price of $57.61. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $92.35. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. 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 posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping 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%. Analysts predict that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.67 per share. This is a boost from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's dividend payout ratio is presently 136.73%.

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.