Wynn Capital LLC Boosts Stock Position in Polaris Inc. (NYSE:PII)

Wynn Capital LLC grew its holdings in shares of Polaris Inc. (NYSE:PII) by 7.7% in the third quarter, Holdings Channel reports. The institutional investor owned 7,804 shares of the company’s stock after purchasing an additional 558 shares during the period. Wynn Capital LLC’s holdings in Polaris were worth $650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Lantz Financial LLC boosted its holdings in Polaris by 0.8% in the first quarter. Lantz Financial LLC now owns 14,784 shares of the company’s stock valued at $1,480,000 after purchasing an additional 114 shares in the last quarter. JLB & Associates Inc. lifted its position in Polaris by 0.5% in the second quarter. JLB & Associates Inc. now owns 24,476 shares of the company’s stock valued at $1,917,000 after acquiring an additional 120 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Polaris by 14.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after purchasing an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Polaris by 2.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,477 shares of the company’s stock valued at $586,000 after purchasing an additional 172 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Polaris by 1.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 16,120 shares of the company’s stock valued at $1,262,000 after purchasing an additional 187 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

PII opened at $80.88 on Friday. Polaris Inc. has a 1-year low of $71.90 and a 1-year high of $100.91. The stock has a market cap of $4.57 billion, a P/E ratio of 11.86, a P/E/G ratio of 7.13 and a beta of 1.51. The stock’s 50 day simple moving average is $82.13 and its 200 day simple moving average is $83.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.40.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.18 billion. Polaris had a net margin of 3.98% and a return on equity of 26.38%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period last year, the company posted $2.42 EPS. As a group, equities analysts anticipate that Polaris Inc. will post 3.79 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.26%. Polaris’s dividend payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

PII has been the subject of a number of research reports. KeyCorp reduced their price objective on Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Longbow Research reiterated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price target on Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. Truist Financial decreased their price target on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $89.18.

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.