Polaris Inc. (NYSE:PII) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its position in Polaris Inc. (NYSE:PII - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 410,768 shares of the company's stock after selling 5,752 shares during the period. River Road Asset Management LLC owned approximately 0.74% of Polaris worth $23,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company's stock worth $188,371,000 after purchasing an additional 69,844 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock worth $44,740,000 after purchasing an additional 241,926 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock worth $46,232,000 after purchasing an additional 171,366 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Polaris during the fourth quarter worth approximately $21,776,000. Finally, Eubel Brady & Suttman Asset Management Inc. increased its position in shares of Polaris by 34.8% during the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 265,517 shares of the company's stock worth $15,299,000 after acquiring an additional 68,537 shares during the period. Institutional investors own 88.06% of the company's stock.

Polaris Stock Up 0.5 %

PII traded up $0.19 during trading on Friday, hitting $42.42. The stock had a trading volume of 1,402,123 shares, compared to its average volume of 952,635. The company has a market capitalization of $2.38 billion, a PE ratio of 21.64, a PEG ratio of 13.95 and a beta of 1.54. Polaris Inc. has a twelve month low of $39.79 and a twelve month high of $100.91. 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 stock has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $64.54.

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

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This is an increase from Polaris's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Monday, March 3rd. Polaris's payout ratio is presently 136.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PII shares. DA Davidson reduced their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Truist Financial reduced their target price on shares of Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Roth Mkm cut their price objective on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, UBS Group cut their price objective on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Polaris has an average rating of "Hold" and a consensus target price of $66.17.

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.