Cwm LLC Raises Stock Position in Polaris Inc. (NYSE:PII)

CWM LLC boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 198.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,154 shares of the company's stock after purchasing an additional 8,741 shares during the quarter. CWM LLC's holdings in Polaris were worth $539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in shares of Polaris by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock valued at $1,295,000 after buying an additional 241 shares during the last quarter. Xponance Inc. grew its holdings in shares of Polaris by 5.1% during the fourth quarter. Xponance Inc. now owns 5,956 shares of the company's stock valued at $343,000 after buying an additional 288 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Polaris by 46.9% during the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after buying an additional 318 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Polaris by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company's stock valued at $1,435,000 after buying an additional 341 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Polaris by 5.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock valued at $327,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

Shares of NYSE:PII traded up $0.61 during midday trading on Friday, reaching $50.22. The company's stock had a trading volume of 1,096,812 shares, compared to its average volume of 1,770,362. The firm has a market capitalization of $2.82 billion, a PE ratio of 69.75 and a beta of 1.05. Polaris Inc. has a twelve month low of $30.92 and a twelve month high of $87.83. The stock has a fifty day moving average of $43.20 and a 200 day moving average of $42.75. 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 (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 the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Polaris had a net margin of 0.58% and a return on equity of 9.26%. The firm's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share. On average, equities analysts expect that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

PII has been the topic of a number of recent analyst reports. Citigroup reiterated a "sell" rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a report on Monday, June 16th. Baird R W cut shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial dropped their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Roth Capital raised their target price on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Polaris currently has an average rating of "Hold" and an average target price of $45.58.

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.