Oak Thistle LLC Acquires 3,053 Shares of Polaris Inc. (NYSE:PII)

Oak Thistle LLC increased its holdings in shares of Polaris Inc. (NYSE:PIIFree Report) by 56.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,461 shares of the company’s stock after purchasing an additional 3,053 shares during the period. Oak Thistle LLC’s holdings in Polaris were worth $802,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Polaris by 71.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of Polaris during the 4th quarter valued at about $31,000. Money Concepts Capital Corp lifted its stake in Polaris by 89.1% in the 4th quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after acquiring an additional 147 shares in the last quarter. Larson Financial Group LLC lifted its stake in Polaris by 536.5% in the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after acquiring an additional 338 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Polaris in the 3rd quarter valued at approximately $46,000. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Down 1.9 %

PII stock opened at $97.10 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $5.48 billion, a PE ratio of 11.16 and a beta of 1.60. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49. The business’s 50 day simple moving average is $92.58 and its 200 day simple moving average is $92.78.

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

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, February 29th. This is a positive change from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.72%. Polaris’s payout ratio is presently 30.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PII shares. 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 note 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 note on Wednesday, January 31st. KeyCorp cut their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. DA Davidson restated a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Finally, Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $103.00 to $113.00 in a research note on Wednesday, January 17th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.44.

Get Our Latest Stock Report on PII

Polaris Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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