BNP Paribas Financial Markets Has $2.25 Million Holdings in Polaris Inc. (NYSE:PII)

BNP Paribas Financial Markets lifted its position in shares of Polaris Inc. (NYSE:PII - Free Report) by 61.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,962 shares of the company's stock after acquiring an additional 14,851 shares during the period. BNP Paribas Financial Markets owned 0.07% of Polaris worth $2,245,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. RWWM Inc. boosted its stake in Polaris by 377.4% during the 4th quarter. RWWM Inc. now owns 889,698 shares of the company's stock valued at $51,264,000 after purchasing an additional 703,322 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Polaris by 132.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 900,891 shares of the company's stock valued at $51,909,000 after buying an additional 513,542 shares during the last quarter. Norges Bank bought a new stake in shares of Polaris during the fourth quarter valued at approximately $24,659,000. Capital World Investors boosted its position in shares of Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after buying an additional 388,050 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Polaris in the 4th quarter worth approximately $21,776,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PII shares. Truist Financial cut their target price on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Citigroup cut shares of Polaris from a "neutral" rating to a "sell" rating and cut their price objective for the company from $49.00 to $33.00 in a research note on Thursday, March 20th. Roth Mkm decreased their target price on shares of Polaris from $76.00 to $57.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Price Performance

Shares of PII traded up $1.46 during mid-day trading on Tuesday, hitting $40.56. The company's stock had a trading volume of 2,089,379 shares, compared to its average volume of 1,167,216. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a 50-day moving average price of $37.20 and a 200 day moving average price of $49.60. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $88.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 13.95 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, research analysts predict that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is presently 372.22%.

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.