Mirabella Financial Services LLP Acquires New Stake in Polaris Inc. (NYSE:PII)

Mirabella Financial Services LLP purchased a new stake in Polaris Inc. (NYSE:PII) during the 4th quarter, HoldingsChannel reports. The fund purchased 8,884 shares of the company’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its stake in Polaris by 6.7% in the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company’s stock valued at $354,725,000 after acquiring an additional 388,050 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company’s stock valued at $325,119,000 after acquiring an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. raised its stake in shares of Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company’s stock valued at $159,914,000 after acquiring an additional 69,766 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Polaris by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company’s stock worth $61,702,000 after purchasing an additional 162,958 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Polaris by 32.5% in the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company’s stock worth $57,382,000 after purchasing an additional 244,252 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the subject of a number of recent analyst reports. Robert W. Baird lowered Polaris from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $56.00 to $40.00 in a research report on Friday, April 4th. Truist Financial decreased their target price on Polaris from $55.00 to $30.00 and set a “hold” rating for the company in a report on Monday, April 14th. Baird R W cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. BMO Capital Markets decreased their price objective on shares of Polaris from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Finally, UBS Group dropped their target price on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Polaris currently has an average rating of “Hold” and an average price target of $50.64.

Polaris Trading Up 2.3 %

Shares of NYSE PII opened at $33.09 on Monday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a 50-day moving average of $41.18 and a 200 day moving average of $55.68. The stock has a market cap of $1.86 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32.

Polaris (NYSE:PII) last released its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, sell-side analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 8.10%. This is an increase from Polaris’s previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is 136.73%.

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.