Natixis Advisors LLC Has $510,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Key Points

• Natixis Advisors LLC reduced its stake in Polaris Inc. by 45.4% during the first quarter, holding 12,461 shares valued at $510,000 by the end of the reporting period.
• Polaris reported $0.40 EPS for its last quarter, surpassing expectations of $0.05, despite a 5.5% year-over-year revenue decline to $1.85 billion.
• The company announced a quarterly dividend of $0.67 per share, with a dividend yield of 5.1%, despite a dividend payout ratio of -142.55%.

Natixis Advisors LLC trimmed its position in Polaris Inc. (NYSE:PII - Free Report) by 45.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,461 shares of the company's stock after selling 10,363 shares during the quarter. Natixis Advisors LLC's holdings in Polaris were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PII. Envestnet Asset Management Inc. lifted its position in shares of Polaris by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 41,445 shares of the company's stock valued at $2,388,000 after acquiring an additional 3,210 shares during the period. Cerity Partners LLC lifted its position in shares of Polaris by 1.5% during the 4th quarter. Cerity Partners LLC now owns 42,176 shares of the company's stock valued at $2,430,000 after acquiring an additional 612 shares during the period. Renaissance Technologies LLC lifted its position in shares of Polaris by 231.3% during the 4th quarter. Renaissance Technologies LLC now owns 98,400 shares of the company's stock valued at $5,670,000 after acquiring an additional 68,700 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Polaris during the 4th quarter worth $21,776,000. Finally, Sterling Capital Management LLC lifted its position in shares of Polaris by 58.2% during the 4th quarter. Sterling Capital Management LLC now owns 3,095 shares of the company's stock worth $178,000 after buying an additional 1,139 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Up 1.6%

Shares of NYSE:PII opened at $52.28 on Tuesday. The stock has a fifty day simple moving average of $46.08 and a two-hundred day simple moving average of $42.44. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -27.81 and a beta of 1.04. Polaris Inc. has a 12-month low of $30.92 and a 12-month 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.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. The business 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 company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. On average, research analysts anticipate that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.1%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Analyst Ratings Changes

PII has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective 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. Truist Financial dropped their price objective 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 set a $52.00 price objective (up from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Roth Capital upped their price objective on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price objective on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Polaris has an average rating of "Hold" and an average price target of $48.33.

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.

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