7,653 Shares in Polaris Inc. (NYSE:PII) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. acquired 7,653 shares of Polaris Inc. valued at approximately $313,000 during the first quarter, signaling growing institutional interest in the company.
• Polaris Inc. reported earnings of $0.40 per share, exceeding estimates, but experienced a 5.5% decline in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.67 per share with a yield of 5.2%, despite having a negative dividend payout ratio of -142.55%.

Jefferies Financial Group Inc. acquired a new stake in Polaris Inc. (NYSE:PII - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,653 shares of the company's stock, valued at approximately $313,000.

Several other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. grew its position in shares of Polaris by 114.1% during the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Polaris in the 1st quarter worth approximately $35,000. Fifth Third Bancorp raised its holdings in shares of Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after acquiring an additional 318 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock worth $50,000 after acquiring an additional 1,194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock valued at $50,000 after acquiring an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Trading Down 1.2%

Shares of NYSE:PII traded down $0.60 during trading on Friday, reaching $51.47. The stock had a trading volume of 655,148 shares, compared to its average volume of 1,702,761. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.89 billion, a P/E ratio of -27.38 and a beta of 1.04. The business has a fifty day moving average price of $45.80 and a 200-day moving average price of $42.53. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $87.83.

Polaris (NYSE:PII - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.35. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The company's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 earnings per share. As a group, analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Analyst Ratings Changes

PII has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Truist Financial lowered their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. Robert W. Baird upped their price target on shares of Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed a "market perform" rating and set a $52.00 target price (up previously from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $48.33.

Polaris Profile

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.