State of Alaska Department of Revenue Has $1.80 Million Stock Holdings in Polaris Inc. (NYSE:PII)

State of Alaska Department of Revenue lifted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 51.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,977 shares of the company's stock after acquiring an additional 14,998 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.08% of Polaris worth $1,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Twin Tree Management LP acquired a new position in shares of Polaris in the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its stake in shares of Polaris by 386.5% in the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Polaris by 295.4% in the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares during the period. UMB Bank n.a. lifted its stake in shares of Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after purchasing an additional 429 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Polaris in the 1st quarter valued at $35,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Up 0.3%

Shares of PII stock traded up $0.13 on Tuesday, hitting $40.54. 1,148,992 shares of the stock were exchanged, compared to its average volume of 1,217,788. The company has a current ratio of 1.12, a quick ratio of 0.37 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.28 billion, a P/E ratio of 56.30 and a beta of 1.04. The business has a 50-day moving average of $37.84 and a 200 day moving average of $44.76. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $88.00.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.91) by $0.01. The company 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%. Polaris's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 6.61%. Polaris's dividend payout ratio is currently 372.22%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PII. Morgan Stanley cut their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Roth Capital reissued a "neutral" rating on shares of Polaris in a research note on Tuesday, April 22nd. Truist Financial cut their price target on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Citigroup reiterated a "sell" rating and set a $27.00 target price (up from $23.00) on shares of Polaris in a report on Monday, June 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.