Polaris Inc. (NYSE:PII) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,705 shares of the company's stock after acquiring an additional 22,643 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Polaris worth $8,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PII. Twin Tree Management LP bought a new stake in Polaris in the 4th quarter valued at $29,000. Larson Financial Group LLC grew its holdings in Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after acquiring an additional 402 shares during the last quarter. Lindbrook Capital LLC lifted its position in Polaris by 295.4% during 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. Signaturefd LLC lifted its position in Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after purchasing an additional 460 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Polaris in the 4th quarter valued at approximately $95,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PII has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Polaris from $31.00 to $29.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Citigroup downgraded Polaris from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $49.00 to $33.00 in a report on Thursday, March 20th. Royal Bank of Canada dropped their price target on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial decreased their target price on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $45.82.

Polaris Trading Up 1.9%

Shares of NYSE PII traded up $0.77 during midday trading on Wednesday, reaching $41.38. 1,900,806 shares of the stock were exchanged, compared to its average volume of 1,204,745. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 13.95 and a beta of 1.05. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $88.00. The business has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $47.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.

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

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid 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 6.48%. Polaris's payout ratio is currently 372.22%.

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.