Brown Advisory Inc. increased its position in Polaris Inc. (NYSE:PII – Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,790 shares of the company’s stock after acquiring an additional 25,246 shares during the period. Brown Advisory Inc. owned approximately 0.61% of Polaris worth $38,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of PII. Larson Financial Group LLC purchased a new position in shares of Polaris during the 4th quarter valued at approximately $28,000. Vigilant Capital Management LLC purchased a new position in Polaris during the first quarter worth approximately $28,000. Dark Forest Capital Management LP lifted its holdings in Polaris by 64.8% during the fourth quarter. Dark Forest Capital Management LP now owns 290 shares of the company’s stock valued at $29,000 after purchasing an additional 114 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in Polaris by 89.1% in the 4th quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after purchasing an additional 147 shares in the last quarter. Finally, Red Tortoise LLC acquired a new stake in shares of Polaris in the 4th quarter worth $43,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Stock Up 0.1 %
NYSE:PII traded up $0.09 during trading hours on Thursday, reaching $125.89. The company’s stock had a trading volume of 73,124 shares, compared to its average volume of 574,202. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 11.74 and a beta of 1.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.20 and a quick ratio of 0.36. Polaris Inc. has a one year low of $91.86 and a one year high of $138.49. The business’s 50-day moving average is $124.54 and its 200-day moving average is $115.07.
Polaris (NYSE:PII – Get Free Report) last released its earnings results on Tuesday, July 25th. The company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.21. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.14 billion. Polaris had a net margin of 6.89% and a return on equity of 57.98%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 EPS. Equities research analysts predict that Polaris Inc. will post 10.41 EPS for the current year.
Polaris Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, August 31st. This represents a $2.60 annualized dividend and a yield of 2.07%. Polaris’s dividend payout ratio is 24.28%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. StockNews.com started coverage on Polaris in a report on Thursday, May 18th. They set a “buy” rating for the company. Royal Bank of Canada raised their target price on shares of Polaris from $115.00 to $121.00 in a report on Wednesday, July 26th. Truist Financial upped their price objective on shares of Polaris from $100.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Raymond James lowered Polaris from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, July 18th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a research report on Tuesday, April 25th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $124.18.
Insiders Place Their Bets
In other news, Director Kevin M. Farr sold 1,615 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $134.33, for a total transaction of $216,942.95. Following the sale, the director now directly owns 17,870 shares of the company’s stock, valued at $2,400,477.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Polaris news, Director Kevin M. Farr sold 1,615 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $134.33, for a total value of $216,942.95. Following the transaction, the director now directly owns 17,870 shares of the company’s stock, valued at $2,400,477.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael T. Speetzen sold 58,301 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.14, for a total transaction of $7,937,098.14. Following the completion of the transaction, the chief executive officer now directly owns 56,067 shares in the company, valued at $7,632,961.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,464 shares of company stock valued at $19,593,994. 2.75% of the stock is currently owned by insiders.
Polaris Profile
Polaris Inc designs, engineers, manufactures, and markets powersports vehicles worldwide. 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; moto-roadsters, quadricycles, and boats; and aftermarket parts and apparel.