Invesco Ltd. Decreases Stake in Polaris Inc. (NYSE:PII)

Invesco Ltd. cut its stake in Polaris Inc. (NYSE:PII - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,511 shares of the company's stock after selling 22,512 shares during the quarter. Invesco Ltd. owned about 0.36% of Polaris worth $11,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Tree Management LP bought a new stake in shares of Polaris during the fourth quarter worth $29,000. Larson Financial Group LLC lifted 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 during the last quarter. Lindbrook Capital LLC lifted its position in shares of Polaris by 295.4% during the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock worth $30,000 after purchasing an additional 387 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock worth $56,000 after purchasing an additional 677 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Polaris by 82.6% during the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock worth $59,000 after purchasing an additional 460 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors.

Polaris Price Performance

Shares of NYSE PII traded down $0.61 during trading on Monday, hitting $33.75. The company had a trading volume of 2,386,001 shares, compared to its average volume of 1,089,190. The stock has a fifty day simple moving average of $39.84 and a two-hundred day simple moving average of $53.74. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $90.62. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The company has a quick ratio of 0.39, a current ratio of 1.15 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. On average, research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.67 dividend. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.68 annualized dividend and a dividend yield of 7.94%. Polaris's dividend payout ratio (DPR) is 136.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PII shares. Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Robert W. Baird lowered Polaris from an "outperform" rating to a "neutral" rating and cut their price target for the company from $56.00 to $40.00 in a research note on Friday, April 4th. Truist Financial reduced their target price on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a report on Monday, April 14th. DA Davidson decreased their price target on shares of Polaris from $69.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, Baird R W downgraded shares of Polaris from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. 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 stock. According to MarketBeat.com, Polaris presently has an average rating of "Hold" and a consensus target price of $50.64.

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.