Koss Olinger Consulting LLC Grows Stock Holdings in Polaris Inc. (NYSE:PII)

Key Points

• Koss Olinger Consulting LLC increased its stake in Polaris Inc. by 49.2%, owning a total of 40,363 shares valued at approximately $1.65 million, reflecting growing institutional interest in the company.
• Polaris recently reported earnings per share (EPS) of $0.40, significantly beating analysts' expectations of $0.05, although revenue decreased by 5.5% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.67 per share, with an annualized yield of 5.2%, despite a negative payout ratio of -142.55%.

Koss Olinger Consulting LLC grew its stake in Polaris Inc. (NYSE:PII - Free Report) by 49.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,363 shares of the company's stock after buying an additional 13,317 shares during the quarter. Koss Olinger Consulting LLC owned 0.07% of Polaris worth $1,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. increased its stake in Polaris by 1.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company's stock worth $1,295,000 after buying an additional 241 shares in the last quarter. Fifth Third Bancorp increased its stake in Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock worth $41,000 after buying an additional 318 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Polaris by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock worth $327,000 after buying an additional 379 shares in the last quarter. Advisory Services Network LLC increased its stake in Polaris by 1.3% during the 4th quarter. Advisory Services Network LLC now owns 30,833 shares of the company's stock worth $1,777,000 after buying an additional 392 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Polaris by 2.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock worth $583,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Roth Capital upped their price target on Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Truist Financial dropped their price target on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. BMO Capital Markets restated a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley dropped their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $48.33.

Polaris Trading Up 5.8%

Polaris stock traded up $3.03 during mid-day trading on Tuesday, hitting $55.26. The company's stock had a trading volume of 1,029,977 shares, compared to its average volume of 1,718,645. The firm has a market capitalization of $3.11 billion, a PE ratio of -29.39 and a beta of 1.04. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $87.83. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The stock's fifty day moving average is $46.08 and its two-hundred day moving average is $42.44.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. On average, analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

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.