Russell Investments Group Ltd. Increases Stake in Polaris Inc. (NYSE:PII)

Russell Investments Group Ltd. grew its stake in shares of Polaris Inc. (NYSE:PII – Get Rating) by 174.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,268 shares of the company’s stock after acquiring an additional 9,705 shares during the quarter. Russell Investments Group Ltd.’s holdings in Polaris were worth $1,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PII. D.A. Davidson & CO. boosted its holdings in shares of Polaris by 13.6% during the 1st quarter. D.A. Davidson & CO. now owns 2,510 shares of the company’s stock valued at $264,000 after acquiring an additional 301 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Polaris by 0.4% in the 1st quarter. Rhumbline Advisers now owns 152,648 shares of the company’s stock worth $16,077,000 after purchasing an additional 572 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Polaris by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,905 shares of the company’s stock worth $2,202,000 after purchasing an additional 1,993 shares during the period. BlackRock Inc. lifted its stake in shares of Polaris by 0.3% in the 1st quarter. BlackRock Inc. now owns 4,803,771 shares of the company’s stock worth $505,933,000 after purchasing an additional 13,281 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Polaris by 8.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 33,033 shares of the company’s stock worth $3,575,000 after purchasing an additional 2,692 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Polaris Trading Up 0.8 %

Shares of PII opened at $106.51 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.21 and a quick ratio of 0.37. Polaris Inc. has a 1 year low of $91.86 and a 1 year high of $123.87. The company has a 50 day simple moving average of $106.97 and a two-hundred day simple moving average of $108.78. The firm has a market cap of $6.06 billion, a P/E ratio of 12.82 and a beta of 1.61.

Polaris (NYSE:PII – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.32. Polaris had a net margin of 5.46% and a return on equity of 60.97%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $1.29 EPS. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that Polaris Inc. will post 10.19 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Wednesday, May 31st. Polaris’s dividend payout ratio (DPR) is presently 31.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Polaris from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Truist Financial lowered their price objective on shares of Polaris from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, April 5th. Robert W. Baird increased their price objective on shares of Polaris from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Citigroup raised their target price on shares of Polaris from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, Raymond James raised their target price on shares of Polaris from $123.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 1st. Ten equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.27.

Polaris Company Profile

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Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments: Off-Road, On-Road, and Marine. The Off-Road segment includes off-road vehicles (ORV) and snowmobiles. The On Road segment is involved in the design and manufacture of motorcycles, moto-roadsters, light duty hauling, and passenger vehicles.