Mirabella Financial Services LLP Buys New Holdings in Polaris Inc. (NYSE:PII)

Mirabella Financial Services LLP acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,884 shares of the company's stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of Polaris by 6.7% during the 4th quarter. Capital World Investors now owns 6,156,285 shares of the company's stock worth $354,725,000 after acquiring an additional 388,050 shares in the last quarter. Vanguard Group Inc. boosted its position in Polaris by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,642,463 shares of the company's stock worth $325,119,000 after purchasing an additional 39,858 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Polaris by 2.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,775,331 shares of the company's stock worth $159,914,000 after purchasing an additional 69,766 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 last quarter. Finally, American Century Companies Inc. increased its position in shares of Polaris by 32.5% in the fourth quarter. American Century Companies Inc. now owns 995,872 shares of the company's stock valued at $57,382,000 after buying an additional 244,252 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PII. KeyCorp cut shares of Polaris from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, January 8th. Truist Financial dropped their price objective on shares of Polaris from $55.00 to $30.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. UBS Group dropped their price target on Polaris from $67.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Roth Capital restated a "neutral" rating on shares of Polaris in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.64.

Polaris Trading Down 2.4 %

Shares of NYSE:PII traded down $0.85 during midday trading on Friday, reaching $34.36. The company's stock had a trading volume of 1,197,812 shares, compared to its average volume of 1,082,232. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The business has a 50 day moving average price of $40.10 and a 200 day moving average price of $54.43. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $90.62. 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 posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Research analysts forecast that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.67 per share. This is a positive change from Polaris's previous quarterly dividend of $0.66. The ex-dividend date was Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 7.80%. Polaris's dividend payout ratio is 136.73%.

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.