43,858 Shares in Polaris Inc. (NYSE:PII) Bought by Man Group plc

Man Group plc bought a new stake in Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,858 shares of the company's stock, valued at approximately $2,527,000. Man Group plc owned about 0.08% of Polaris as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP increased its stake in Polaris by 74.0% in the fourth 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. boosted its position in Polaris by 14.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,302 shares of the company's stock valued at $6,701,000 after buying an additional 14,790 shares during the period. Raymond James Financial Inc. purchased a new stake in Polaris during the fourth quarter valued at about $21,776,000. State of Alaska Department of Revenue boosted its position in Polaris by 371.7% during the fourth quarter. State of Alaska Department of Revenue now owns 28,979 shares of the company's stock valued at $1,669,000 after buying an additional 22,835 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Polaris during the fourth quarter valued at about $611,000. Institutional investors own 88.06% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Baird R W lowered shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada dropped their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. BMO Capital Markets dropped their target price on shares of Polaris from $60.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial dropped their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Polaris has a consensus rating of "Hold" and an average price target of $45.82.

Polaris Stock Down 2.9%

Shares of NYSE PII traded down $1.14 on Monday, reaching $38.10. 991,447 shares of the company's stock traded hands, compared to its average volume of 1,182,580. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00. The business's 50 day simple moving average is $36.91 and its two-hundred day simple moving average is $48.71. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 13.95 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating analysts' consensus estimates of ($0.91) by $0.01. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The business's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The firm 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 $0.67 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 annualized dividend and a yield of 7.03%. Polaris's dividend payout ratio (DPR) is presently 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.