Tidal Investments LLC Purchases New Stake in Polaris Inc. (NYSE:PII)

Tidal Investments LLC bought a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,639 shares of the company's stock, valued at approximately $383,000.

Several other institutional investors also recently modified their holdings of the stock. Capital World Investors grew its position in shares of Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after buying an additional 388,050 shares during the period. Vanguard Group Inc. grew its position in shares of Polaris by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock worth $325,119,000 after buying an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. grew its position in shares of Polaris by 2.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after buying an additional 69,766 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Polaris by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock worth $131,609,000 after buying an additional 21,087 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Polaris by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock worth $61,702,000 after buying an additional 162,958 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PII has been the subject of several research analyst reports. Citigroup lowered 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 research report on Thursday, March 20th. Morgan Stanley decreased 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 decreased 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. Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Roth Capital reiterated a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $45.82.

Polaris Stock Up 6.9%

Shares of Polaris stock traded up $2.62 on Tuesday, reaching $40.58. 1,536,540 shares of the company were exchanged, compared to its average volume of 1,199,937. Polaris Inc. has a one year low of $30.92 and a one year high of $88.00. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 13.95 and a beta of 1.05. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average of $36.47 and a 200 day moving average of $47.47.

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. Polaris had a return on equity of 13.78% and a net margin of 1.54%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the business posted $0.23 EPS. The business's revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Monday, June 2nd. Polaris's dividend payout ratio is currently 372.22%.

Polaris 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.