River Road Asset Management LLC decreased its position in Polaris Inc. (NYSE:PII - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410,768 shares of the company's stock after selling 5,752 shares during the quarter. River Road Asset Management LLC owned 0.74% of Polaris worth $23,668,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PII. Raymond James Financial Inc. bought a new stake in Polaris in the 4th quarter valued at approximately $21,776,000. Bank of New York Mellon Corp increased its position in shares of Polaris by 45.3% during the 4th 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. boosted its holdings in shares of Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company's stock valued at $46,232,000 after buying an additional 171,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Polaris during the third quarter worth $12,670,000. Finally, Weiss Asset Management LP acquired a new stake in Polaris in the third quarter valued at $10,844,000. 88.06% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. DA Davidson dropped their target price on shares of Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Citigroup dropped their price target on Polaris from $57.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group cut their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on shares of Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $66.17.
Check Out Our Latest Stock Report on PII
Polaris Price Performance
Shares of Polaris stock traded down $0.10 during trading on Wednesday, reaching $44.34. 1,240,606 shares of the company's stock were exchanged, compared to its average volume of 939,295. Polaris Inc. has a 1-year low of $39.79 and a 1-year 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 firm's 50-day moving average price is $49.48 and its 200 day moving average price is $64.84. The company has a market cap of $2.49 billion, a P/E ratio of 22.64, a PEG ratio of 13.95 and a beta of 1.54.
Polaris (NYSE:PII - Get Free Report) last issued 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, research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current year.
Polaris Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is 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%.
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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