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Cerity Partners LLC Acquires 10,906 Shares of Polaris Inc. (NYSE:PII)

Polaris logo with Auto/Tires/Trucks background

Cerity Partners LLC lifted its position in Polaris Inc. (NYSE:PII - Free Report) by 25.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,082 shares of the company's stock after buying an additional 10,906 shares during the quarter. Cerity Partners LLC owned about 0.09% of Polaris worth $2,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PII. Alps Advisors Inc. lifted its holdings in Polaris by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 73,278 shares of the company's stock valued at $3,000,000 after purchasing an additional 5,304 shares during the last quarter. Allworth Financial LP lifted its holdings in Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after purchasing an additional 1,194 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in Polaris by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock valued at $327,000 after purchasing an additional 379 shares during the last quarter. M&T Bank Corp acquired a new stake in Polaris during the 1st quarter valued at $321,000. Finally, ARGA Investment Management LP lifted its holdings in shares of Polaris by 11.5% during the first quarter. ARGA Investment Management LP now owns 39,203 shares of the company's stock worth $1,605,000 after buying an additional 4,041 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Stock Down 0.4%

Shares of NYSE:PII traded down $0.19 during trading on Friday, reaching $46.80. 866,672 shares of the stock were exchanged, compared to its average volume of 1,279,428. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.12 and a quick ratio of 0.37. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $87.83. The stock has a fifty day moving average of $42.01 and a two-hundred day moving average of $42.98. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 65.00 and a beta of 1.05.

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

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.68 annualized dividend and a dividend yield of 5.73%. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PII shares. Truist Financial dropped their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. Citigroup reiterated a "sell" rating and issued a $27.00 target price (up previously from $23.00) on shares of Polaris in a research report on Monday, June 16th. Morgan Stanley decreased their target price on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada decreased their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Baird R W cut Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $46.00.

Check Out Our Latest Stock Report on PII

Polaris Company 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.

See Also

Institutional Ownership by Quarter for Polaris (NYSE:PII)

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