Swiss National Bank Acquires 1,000 Shares of Polaris Inc. (NYSE:PII)

Swiss National Bank grew its holdings in shares of Polaris Inc. (NYSE:PIIFree Report) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,800 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Swiss National Bank owned approximately 0.21% of Polaris worth $12,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Polaris during the 2nd quarter valued at about $772,000. Farther Finance Advisors LLC increased its position in shares of Polaris by 71.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Money Concepts Capital Corp increased its position in shares of Polaris by 89.1% during 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 during the last quarter. Huntington National Bank increased its position in shares of Polaris by 526.0% during the 2nd quarter. Huntington National Bank now owns 313 shares of the company’s stock valued at $38,000 after purchasing an additional 263 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Polaris in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Polaris Trading Up 2.6 %

PII stock opened at $93.41 on Tuesday. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 10.74 and a beta of 1.60. The business has a 50 day simple moving average of $91.15 and a two-hundred day simple moving average of $98.86.

Polaris (NYSE:PIIGet Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. Polaris had a net margin of 5.63% and a return on equity of 40.98%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.46 earnings per share. Research analysts anticipate that Polaris Inc. will post 7.98 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.66 per share. This is an increase from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, February 29th. Polaris’s dividend payout ratio is currently 29.89%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Roth Mkm reduced their target price on shares of Polaris from $122.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. TheStreet lowered shares of Polaris from a “b-” rating to a “c+” rating in a report on Thursday, November 2nd. Royal Bank of Canada increased their target price on shares of Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. BMO Capital Markets reduced their target price on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Finally, Truist Financial reduced their target price on shares of Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.11.

Get Our Latest Research Report on Polaris

Polaris Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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