Retirement Systems of Alabama Grows Stock Holdings in Polaris Inc. (NYSE:PII)

Retirement Systems of Alabama grew its holdings in shares of Polaris Inc. (NYSE:PII) by 35.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 139,751 shares of the company’s stock after acquiring an additional 36,316 shares during the period. Retirement Systems of Alabama’s holdings in Polaris were worth $13,244,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PII. BKM Wealth Management LLC purchased a new position in shares of Polaris during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC lifted its holdings in shares of Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the last quarter. Orion Capital Management LLC purchased a new position in Polaris in the 3rd quarter worth approximately $46,000. Concord Wealth Partners purchased a new position in Polaris in the 3rd quarter worth approximately $66,000. Finally, Blue Trust Inc. raised its holdings in Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company’s stock worth $72,000 after acquiring an additional 643 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Trading Down 2.0 %

Shares of PII stock opened at $83.46 on Thursday. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49. The firm has a fifty day moving average price of $92.14 and a 200-day moving average price of $91.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 2.47 and a beta of 1.61.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, equities analysts predict that Polaris Inc. will post 8.01 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris’s payout ratio is 38.71%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Robert W. Baird decreased their price objective on shares of Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Monday, April 8th. Truist Financial decreased their price objective on shares of Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered shares of Polaris from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley upgraded shares of Polaris from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $103.00 to $113.00 in a report on Wednesday, January 17th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and a consensus target price of $100.27.

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.