Aptus Capital Advisors LLC Makes New Investment in Polaris Inc. (NYSE:PII)

Aptus Capital Advisors LLC purchased a new stake in shares of Polaris Inc. (NYSE:PIIFree Report) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 3,249 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Polaris during the 3rd quarter valued at approximately $1,227,000. Comerica Bank bought a new stake in Polaris during the 2nd quarter valued at approximately $6,898,000. Duality Advisers LP increased its stake in Polaris by 85.3% in the 3rd quarter. Duality Advisers LP now owns 33,909 shares of the company’s stock worth $3,531,000 after acquiring an additional 15,609 shares during the last quarter. Vaughan David Investments LLC IL increased its stake in Polaris by 2.2% in the 2nd quarter. Vaughan David Investments LLC IL now owns 218,152 shares of the company’s stock worth $26,381,000 after acquiring an additional 4,599 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in Polaris by 10.0% in the 2nd quarter. Inspire Investing LLC now owns 14,508 shares of the company’s stock worth $1,754,000 after acquiring an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada lifted their target price on Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. TheStreet cut Polaris from a “b-” rating to a “c+” rating in a report on Thursday, November 2nd. Roth Mkm dropped their price objective on Polaris from $122.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Finally, DA Davidson dropped their price objective on Polaris from $90.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, December 15th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Polaris presently has an average rating of “Hold” and an average price target of $102.11.

View Our Latest Stock Report on Polaris

Polaris Price Performance

Shares of PII stock opened at $91.06 on Monday. The company has a market cap of $5.14 billion, a P/E ratio of 10.47 and a beta of 1.60. The stock’s 50-day moving average is $91.02 and its 200 day moving average is $99.15. 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.

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

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.90%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, February 29th. Polaris’s dividend payout ratio is presently 29.89%.

Polaris 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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