Deutsche Bank AG Decreases Stock Position in Polaris Inc. (NYSE:PII)

Deutsche Bank AG decreased its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,662 shares of the company's stock after selling 24,319 shares during the period. Deutsche Bank AG's holdings in Polaris were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Quantbot Technologies LP raised its position in Polaris by 74.0% in the 4th quarter. Quantbot Technologies LP now owns 35,944 shares of the company's stock worth $2,071,000 after purchasing an additional 15,283 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in Polaris in the 4th quarter worth approximately $21,776,000. State of Alaska Department of Revenue grew its position in shares of Polaris by 371.7% in the 4th quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock worth $1,669,000 after buying an additional 22,835 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Polaris during the fourth quarter valued at approximately $611,000. Institutional investors own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PII shares. Robert W. Baird raised their price target on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Royal Bank of Canada cut their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Truist Financial reduced their price target 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. Finally, Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $45.82.

Polaris Stock Up 1.9%

Shares of PII traded up $0.77 during mid-day trading on Wednesday, reaching $41.38. The company had a trading volume of 1,900,806 shares, compared to its average volume of 1,204,745. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The firm has a 50-day moving average price of $36.47 and a 200 day moving average price of $47.43. Polaris Inc. has a 52 week low of $30.92 and a 52 week high of $88.00.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a return on equity of 13.78% and a net margin of 1.54%. 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 business earned $0.23 earnings per share. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's dividend payout ratio (DPR) is 372.22%.

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.