Polaris Inc. (NYSE:PII) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp trimmed its holdings in shares of Polaris Inc. (NYSE:PII - Free Report) by 65.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,086 shares of the company's stock after selling 9,722 shares during the quarter. Hancock Whitney Corp's holdings in Polaris were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Twin Tree Management LP purchased a new stake in Polaris in the 4th quarter worth $29,000. Larson Financial Group LLC grew its position in shares of Polaris by 386.5% during the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC raised its stake 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. GAMMA Investing LLC raised its stake in Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after purchasing an additional 677 shares during the period. Finally, Signaturefd LLC lifted its holdings in Polaris by 82.6% in the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. BMO Capital Markets decreased their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Royal Bank of Canada lowered their target price on Polaris from $54.00 to $34.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, Truist Financial reduced their price target on shares of Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.18.

Polaris Trading Up 0.3 %

Shares of PII traded up $0.10 during mid-day trading on Wednesday, reaching $33.93. 3,276,314 shares of the company's stock traded hands, compared to its average volume of 1,110,716. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $90.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The stock has a market cap of $1.90 billion, a P/E ratio of 17.31, a P/E/G ratio of 13.95 and a beta of 1.32. The stock's 50-day moving average is $39.35 and its two-hundred day moving average is $53.47.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 13.78% and a net margin of 1.54%. The business's revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 7.90%. This is a boost from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. Polaris's payout ratio is 136.73%.

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.