Schechter Investment Advisors LLC Sells 1,432 Shares of Polaris Inc. (NYSE:PII)

Schechter Investment Advisors LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,962 shares of the company’s stock after selling 1,432 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Polaris were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PII. CoreCap Advisors LLC purchased a new stake in shares of Polaris in the fourth quarter valued at approximately $239,000. Global Trust Asset Management LLC lifted its holdings in Polaris by 51.2% during the fourth quarter. Global Trust Asset Management LLC now owns 1,105 shares of the company’s stock worth $105,000 after buying an additional 374 shares during the period. Mutual Advisors LLC purchased a new stake in shares of Polaris during the 4th quarter valued at $207,000. SG Americas Securities LLC purchased a new stake in shares of Polaris during the 4th quarter valued at $209,000. Finally, Lantz Financial LLC lifted its holdings in shares of Polaris by 3.7% during the 4th quarter. Lantz Financial LLC now owns 14,670 shares of the company’s stock valued at $1,390,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PII. DA Davidson reiterated a “neutral” rating and set a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Truist Financial cut their target price on Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada upped their target price on Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. BMO Capital Markets cut their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Finally, Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $103.00 to $113.00 in a research report on Wednesday, January 17th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.44.

Polaris Trading Up 3.9 %

Shares of Polaris stock opened at $99.08 on Thursday. The stock has a market cap of $5.60 billion, a P/E ratio of 11.39 and a beta of 1.59. The stock’s 50 day simple moving average is $92.13 and its 200-day simple moving average is $93.08. 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:PII) last issued its earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a return on equity of 40.98% and a net margin of 5.63%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm earned $3.46 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that Polaris Inc. will post 7.98 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.66 dividend. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 2.66%. Polaris’s dividend payout ratio 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.