Koss Olinger Consulting LLC Has $1.56 Million Stock Position in Polaris Inc. (NYSE:PII)

Koss Olinger Consulting LLC lifted its stake in Polaris Inc. (NYSE:PII) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,046 shares of the company’s stock after acquiring an additional 3,236 shares during the period. Koss Olinger Consulting LLC’s holdings in Polaris were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue grew its stake in shares of Polaris by 371.7% in the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company’s stock worth $1,669,000 after acquiring an additional 22,835 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 241,926 shares during the last quarter. Angeles Wealth Management LLC bought a new position in Polaris in the fourth quarter worth $1,318,000. Aigen Investment Management LP bought a new position in Polaris in the fourth quarter worth $839,000. Finally, Caprock Group LLC lifted its position in Polaris by 174.4% in the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company’s stock worth $607,000 after purchasing an additional 6,693 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Performance

Polaris stock opened at $42.56 on Wednesday. The stock has a 50-day simple moving average of $48.03 and a 200 day simple moving average of $63.37. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 12-month low of $39.79 and a 12-month high of $100.91. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 13.95 and a beta of 1.54.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal 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 issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.30%. This is a boost from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is currently 136.73%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial reduced their target price on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Robert W. Baird reduced their target price on Polaris from $64.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday. DA Davidson reduced their target price on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research 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 report on Friday, January 24th. Finally, BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. One equities 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. Based on data from MarketBeat.com, Polaris has an average rating of “Hold” and an average target price of $61.50.

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.