Advisor OS LLC Acquires Shares of 4,497 Polaris Inc. (NYSE:PII)

Advisor OS LLC acquired a new stake in Polaris Inc. (NYSE:PII) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,497 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company’s stock worth $32,000 after purchasing an additional 389 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Polaris by 1,309.5% in the 3rd quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock worth $1,178,000 after purchasing an additional 13,147 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Polaris by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,144 shares of the company’s stock worth $511,000 after purchasing an additional 410 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Polaris by 1.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,535 shares of the company’s stock worth $2,042,000 after purchasing an additional 300 shares during the last quarter. Finally, Trajan Wealth LLC bought a new position in shares of Polaris in the 3rd quarter worth $239,000. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PII shares. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Roth Mkm dropped their price objective on Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Truist Financial dropped their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Finally, DA Davidson dropped their price target on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus price target of $66.17.

Polaris Trading Down 3.4 %

Polaris stock opened at $44.84 on Friday. Polaris Inc. has a 52 week low of $42.85 and a 52 week 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 market capitalization of $2.52 billion, a P/E ratio of 22.88, a PEG ratio of 13.95 and a beta of 1.50. The stock has a 50-day simple moving average of $51.57 and a 200 day simple moving average of $67.21.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, topping 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%. Analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 5.98%. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

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.