Polaris Inc. (NYSE:PII) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Polaris Inc. (NYSE:PII - Free Report) by 127.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,826 shares of the company's stock after buying an additional 6,628 shares during the quarter. SG Americas Securities LLC's holdings in Polaris were worth $484,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Polaris by 0.3% in the 4th quarter. Rhumbline Advisers now owns 143,540 shares of the company's stock worth $8,271,000 after buying an additional 391 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Polaris by 39.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 31,883 shares of the company's stock worth $1,837,000 after buying an additional 9,047 shares in the last quarter. Sanctuary Advisors LLC raised its position in Polaris by 14.7% during the fourth quarter. Sanctuary Advisors LLC now owns 7,504 shares of the company's stock valued at $432,000 after purchasing an additional 963 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Polaris during the 4th quarter valued at $1,091,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company's stock valued at $44,740,000 after acquiring an additional 241,926 shares during the period. Institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of Polaris stock traded up $0.86 on Friday, reaching $40.98. The company's stock had a trading volume of 9,237,502 shares, compared to its average volume of 1,743,380. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.30 billion, a P/E ratio of 56.92 and a beta of 1.04. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00. The stock has a 50-day moving average price of $38.12 and a 200-day moving average price of $44.54.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 6.54%. Polaris's payout ratio is 372.22%.

Analyst Ratings Changes

Several analysts have recently weighed in on PII shares. Truist Financial decreased their target price on Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Robert W. Baird upped their price objective on Polaris from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their target price on shares of Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Bank of America reduced their target price on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Polaris presently has a consensus rating of "Hold" and a consensus target price of $45.27.

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.