US Bancorp DE Has $451,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Key Points

• US Bancorp DE increased its stake in Polaris Inc. by 70.3%, owning a total of 11,021 shares worth $451,000 after acquiring an additional 4,548 shares in the first quarter.
• Polaris reported $0.40 earnings per share for its last quarter, significantly exceeding analysts' expectations of $0.05, while revenue was $1.85 billion, also above estimates.
• The company announced a quarterly dividend of $0.67 per share, yielding 4.8%, with a dividend payout ratio of -142.55%.

US Bancorp DE lifted its position in Polaris Inc. (NYSE:PII - Free Report) by 70.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,021 shares of the company's stock after acquiring an additional 4,548 shares during the period. US Bancorp DE's holdings in Polaris were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Polaris by 114.1% in the first quarter. UMB Bank n.a. now owns 805 shares of the company's stock worth $33,000 after acquiring an additional 429 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Polaris during the 1st quarter worth about $35,000. Fifth Third Bancorp boosted its stake in shares of Polaris by 46.9% in the first quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after purchasing an additional 318 shares during the period. Allworth Financial LP boosted its stake in shares of Polaris by 7,462.5% in the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company's stock valued at $50,000 after buying an additional 1,194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Polaris by 191.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company's stock worth $50,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Price Performance

Shares of PII stock traded down $1.51 during mid-day trading on Friday, reaching $57.31. The company's stock had a trading volume of 1,086,926 shares, compared to its average volume of 1,727,312. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $87.83. The company has a market cap of $3.22 billion, a P/E ratio of -30.48 and a beta of 1.04. The firm's 50-day moving average is $47.10 and its two-hundred day moving average is $42.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.35. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.73 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. On average, research analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Wall Street Analyst Weigh In

PII has been the subject of a number of research reports. Morgan Stanley reduced 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 report on Thursday, May 1st. Roth Capital increased their price target on shares of Polaris from $32.00 to $41.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada lifted their price target on shares of Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird upped their price target on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One investment analyst has 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.com, Polaris presently has an average rating of "Hold" and an average price target of $48.33.

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.