China Universal Asset Management Co. Ltd. Acquires New Shares in Polaris Inc. (NYSE:PII)

China Universal Asset Management Co. Ltd. acquired a new position in Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,869 shares of the company's stock, valued at approximately $1,788,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Camelot Portfolios LLC increased its holdings in Polaris by 35.0% in the 4th quarter. Camelot Portfolios LLC now owns 9,811 shares of the company's stock valued at $930,000 after buying an additional 2,544 shares during the period. Oak Thistle LLC increased its holdings in Polaris by 56.5% in the 4th quarter. Oak Thistle LLC now owns 8,461 shares of the company's stock valued at $802,000 after buying an additional 3,053 shares during the period. JLB & Associates Inc. increased its holdings in Polaris by 0.7% in the 4th quarter. JLB & Associates Inc. now owns 25,627 shares of the company's stock valued at $2,429,000 after buying an additional 174 shares during the period. Blue Trust Inc. increased its holdings in Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company's stock valued at $72,000 after buying an additional 643 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Polaris by 8.9% in the 4th quarter. Ritholtz Wealth Management now owns 2,359 shares of the company's stock worth $224,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PII shares. BMO Capital Markets lowered their target price on shares of Polaris from $100.00 to $95.00 and set a "market perform" rating on the stock in a report on Wednesday, January 31st. Truist Financial lowered their target price on shares of Polaris from $100.00 to $96.00 and set a "hold" rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada upped their target price on shares of Polaris from $100.00 to $103.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 31st. Bank of America initiated coverage on shares of Polaris in a research report on Wednesday. They set a "neutral" rating and a $110.00 price target on the stock. Finally, KeyCorp reduced their price target on shares of Polaris from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, January 12th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Polaris has an average rating of "Hold" and a consensus target price of $103.20.

Polaris Trading Down 1.2 %

Shares of NYSE:PII traded down $1.16 during mid-day trading on Thursday, reaching $96.34. The stock had a trading volume of 364,336 shares, compared to its average volume of 679,180. The firm has a market cap of $5.44 billion, a PE ratio of 11.07 and a beta of 1.60. The firm has a 50 day simple moving average of $92.77 and a two-hundred day simple moving average of $92.83. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. Polaris Inc. has a twelve month low of $82.00 and a twelve month high of $138.49.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.69). Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the company posted $3.46 earnings per share. Polaris's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, research analysts predict that Polaris Inc. will post 7.98 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.66 per share. This is a boost from Polaris's previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 29th. Polaris's dividend payout ratio (DPR) is currently 30.34%.

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.