Polaris Inc. (NYSE:PII) Stock Position Reduced by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in Polaris Inc. (NYSE:PII) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,962 shares of the company’s stock after selling 1,432 shares during the period. Schechter Investment Advisors LLC’s holdings in Polaris were worth $1,039,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Polaris by 71.2% in the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Polaris in the fourth quarter worth approximately $31,000. Money Concepts Capital Corp grew its position in Polaris by 89.1% in the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock worth $32,000 after acquiring an additional 147 shares in the last quarter. Huntington National Bank grew its position in Polaris by 526.0% in the second quarter. Huntington National Bank now owns 313 shares of the company’s stock worth $38,000 after acquiring an additional 263 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after acquiring an additional 338 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PII shares. DA Davidson reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $103.00 to $113.00 in a report on Wednesday, January 17th. BMO Capital Markets decreased their price objective on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Truist Financial decreased their price objective on shares of Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Finally, KeyCorp decreased their price objective on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.44.

Polaris Stock Up 3.9 %

Shares of NYSE:PII opened at $99.08 on Thursday. Polaris Inc. has a 12 month low of $82.00 and a 12 month high of $138.49. The company’s 50-day moving average price is $92.13 and its two-hundred day moving average price is $93.08. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The firm has a market cap of $5.60 billion, a P/E ratio of 11.39 and a beta of 1.59.

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

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s dividend payout ratio (DPR) is currently 30.34%.

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.