Citigroup Inc. lessened its stake in shares of Polaris Inc. (NYSE:PII – Get Rating) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,233 shares of the company’s stock after selling 6,591 shares during the quarter. Citigroup Inc. owned 0.06% of Polaris worth $3,559,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of Polaris by 13.6% in the first quarter. D.A. Davidson & CO. now owns 2,510 shares of the company’s stock valued at $264,000 after purchasing an additional 301 shares during the period. Rhumbline Advisers boosted its holdings in Polaris by 0.4% in the first quarter. Rhumbline Advisers now owns 152,648 shares of the company’s stock valued at $16,077,000 after purchasing an additional 572 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Polaris by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,905 shares of the company’s stock valued at $2,202,000 after purchasing an additional 1,993 shares during the last quarter. BlackRock Inc. boosted its holdings in Polaris by 0.3% in the first quarter. BlackRock Inc. now owns 4,803,771 shares of the company’s stock valued at $505,933,000 after purchasing an additional 13,281 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Polaris by 8.9% in the first quarter. Great West Life Assurance Co. Can now owns 33,033 shares of the company’s stock valued at $3,575,000 after purchasing an additional 2,692 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Polaris from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Truist Financial dropped their price target on Polaris from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Wednesday, April 5th. Raymond James lifted their price objective on shares of Polaris from $123.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 1st. UBS Group lowered shares of Polaris from a “buy” rating to a “neutral” rating and decreased their price target for the company from $165.00 to $112.00 in a report on Friday, January 27th. Finally, StockNews.com initiated coverage on shares of Polaris in a research report on Thursday. They set a “buy” rating for the company. Ten analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $114.27.
Polaris Trading Down 2.4 %
NYSE:PII opened at $105.78 on Monday. Polaris Inc. has a 1 year low of $91.86 and a 1 year high of $123.87. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 12.73 and a beta of 1.61. The business has a fifty day moving average of $107.17 and a 200-day moving average of $108.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.37 and a current ratio of 1.21.
Polaris (NYSE:PII – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.32. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Polaris had a net margin of 5.46% and a return on equity of 60.97%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. Equities analysts predict that Polaris Inc. will post 10.19 earnings per share for the current year.
Polaris Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, May 31st. Polaris’s payout ratio is 31.29%.
Polaris Company Profile
Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments: Off-Road, On-Road, and Marine. The Off-Road segment includes off-road vehicles (ORV) and snowmobiles. The On Road segment is involved in the design and manufacture of motorcycles, moto-roadsters, light duty hauling, and passenger vehicles.