Alps Advisors Inc. Buys 5,304 Shares of Polaris Inc. (NYSE:PII)

Alps Advisors Inc. boosted its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,278 shares of the company's stock after buying an additional 5,304 shares during the period. Alps Advisors Inc. owned approximately 0.13% of Polaris worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of PII. Quantbot Technologies LP increased its holdings in shares of Polaris by 74.0% during the 4th quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock valued at $2,071,000 after acquiring an additional 15,283 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Polaris by 14.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock valued at $6,701,000 after purchasing an additional 14,790 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Polaris in the 4th quarter valued at $21,776,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Polaris in the 4th quarter valued at $611,000. Finally, Amundi bought a new position in shares of Polaris in the 4th quarter worth $1,179,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Down 1.8%

PII stock traded down $0.85 during trading on Tuesday, hitting $47.27. 1,281,776 shares of the company's stock traded hands, compared to its average volume of 1,274,307. The business has a fifty day simple moving average of $40.76 and a two-hundred day simple moving average of $43.24. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $88.00. The firm has a market capitalization of $2.66 billion, a P/E ratio of 65.65 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.91) by $0.01. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The company's revenue for the quarter was down 11.6% on a year-over-year basis. Sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's dividend payout ratio is currently 372.22%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PII. Baird R W cut Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Morgan Stanley lowered their price target on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Roth Capital restated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Bank of America decreased their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Truist Financial cut their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Polaris presently has a consensus rating of "Hold" and an average target price of $46.00.

Polaris Company 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.