Wealth Enhancement Advisory Services LLC Grows Position in Polaris Inc. (NYSE:PII)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 162.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,423 shares of the company's stock after buying an additional 6,453 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Polaris were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Capital World Investors increased 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 buying an additional 388,050 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Polaris by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock valued at $325,119,000 after purchasing an additional 39,858 shares during the period. Beutel Goodman & Co Ltd. grew its position in shares of Polaris by 2.6% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock valued at $159,914,000 after purchasing an additional 69,766 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Polaris by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,284,077 shares of the company's stock valued at $131,609,000 after purchasing an additional 21,087 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Polaris by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,862 shares of the company's stock valued at $61,702,000 after purchasing an additional 162,958 shares during the period. Hedge funds and other institutional investors own 88.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PII. Truist Financial lowered 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. Robert W. Baird lifted their price objective on Polaris from $38.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday. Roth Capital reaffirmed a "neutral" rating on shares of Polaris in a research report on Tuesday, April 22nd. Wall Street Zen downgraded Polaris from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Finally, Baird R W downgraded Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $46.00.

Polaris Trading Down 0.5%

Shares of PII opened at $46.44 on Monday. The stock's 50-day moving average is $39.36 and its two-hundred day moving average is $43.55. The stock has a market cap of $2.61 billion, a PE ratio of 64.50 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 company has a debt-to-equity ratio of 1.32, a current ratio of 1.12 and a quick ratio of 0.37.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.90) EPS for the quarter, topping analysts' consensus estimates of ($0.91) by $0.01. The company had revenue of $1.54 billion for 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%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Monday, June 2nd. Polaris's dividend payout ratio is presently 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.

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