Round Hill Asset Management Has $2.19 Million Stock Holdings in Polaris Inc. (NYSE:PII)

Round Hill Asset Management reduced its position in shares of Polaris Inc. (NYSE:PII) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,027 shares of the company’s stock after selling 1,067 shares during the quarter. Polaris comprises about 1.5% of Round Hill Asset Management’s portfolio, making the stock its 20th biggest position. Round Hill Asset Management owned approximately 0.07% of Polaris worth $2,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew 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 buying an additional 402 shares during the last quarter. Twin Tree Management LP acquired a new position in Polaris during the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its stake in Polaris by 295.4% during 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 last quarter. Quarry LP raised its stake in shares of Polaris by 187.4% in the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

PII has been the subject of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a report on Tuesday, January 21st. UBS Group reduced their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Citigroup lowered shares of Polaris from a “neutral” rating to a “sell” rating and dropped their price target for the company from $49.00 to $33.00 in a research report on Thursday, March 20th. Truist Financial reduced their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Finally, DA Davidson cut their target price on Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $58.50.

Polaris Trading Up 1.5 %

NYSE:PII opened at $36.67 on Monday. The firm’s 50 day moving average is $44.41 and its 200 day moving average is $59.71. Polaris Inc. has a 12 month low of $33.61 and a 12 month high of $100.00. The stock has a market capitalization of $2.06 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating 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%. Sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.67 dividend. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 7.31%. Polaris’s dividend payout ratio (DPR) is presently 136.73%.

About Polaris

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.