Polaris Inc. (NYSE:PII) Shares Bought by Xponance Inc.

Xponance Inc. boosted its holdings in shares of Polaris Inc. (NYSE:PII) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,956 shares of the company’s stock after buying an additional 288 shares during the period. Xponance Inc.’s holdings in Polaris were worth $343,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PII. Quarry LP increased its holdings in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Polaris during the fourth quarter worth $29,000. Larson Financial Group LLC lifted its holdings in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 387 shares during the period. Finally, GAMMA Investing LLC increased its stake in Polaris by 232.6% in the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

Shares of PII opened at $43.19 on Friday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 13.95 and a beta of 1.54. Polaris Inc. has a 12 month low of $39.29 and a 12 month high of $100.91. The company’s fifty day moving average is $46.19 and its 200-day moving average is $61.70. 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 (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (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%. Equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s payout ratio is currently 136.73%.

Analysts Set New Price Targets

Several research analysts have commented on PII shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 target price on shares of Polaris in a report on Monday, March 17th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. 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 report on Monday, March 17th. Truist Financial lowered their price target on Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, DA Davidson reduced their price objective on Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.83.

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.