Teza Capital Management LLC Invests $861,000 in Polaris Inc. (NYSE:PII)

Teza Capital Management LLC acquired a new position 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 fund acquired 14,938 shares of the company's stock, valued at approximately $861,000.

Other institutional investors have also made changes to their positions in the company. Capital World Investors raised its position in Polaris by 6.7% during the fourth quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after acquiring an additional 388,050 shares in the last quarter. Vanguard Group Inc. raised its position in Polaris by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock worth $325,119,000 after acquiring an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after acquiring an additional 69,766 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Polaris by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock worth $131,609,000 after acquiring an additional 21,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Polaris by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock worth $61,702,000 after acquiring an additional 162,958 shares in the last quarter. Institutional investors own 88.06% of the company's stock.

Wall Street Analyst Weigh In

PII has been the topic of several research reports. Roth Capital reiterated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Citigroup downgraded shares of Polaris from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $49.00 to $33.00 in a report on Thursday, March 20th. Bank of America decreased their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Truist Financial decreased their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com downgraded shares of Polaris from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Polaris has a consensus rating of "Hold" and an average target price of $45.36.

Polaris Trading Down 0.3%

Shares of Polaris stock opened at $39.11 on Tuesday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 19.95, a PEG 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 Inc. has a 12-month low of $30.92 and a 12-month high of $88.00. The firm's 50-day moving average price is $37.20 and its two-hundred day moving average price is $49.60.

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

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.85%. Polaris's dividend payout ratio (DPR) is currently 372.22%.

About Polaris

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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