International Assets Investment Management LLC Has $5.82 Million Stock Holdings in Polaris Inc. (NYSE:PII)

International Assets Investment Management LLC boosted its holdings in Polaris Inc. (NYSE:PII - Free Report) by 10,524.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,411 shares of the company's stock after purchasing an additional 60,833 shares during the quarter. International Assets Investment Management LLC owned approximately 0.11% of Polaris worth $5,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PII. D.A. Davidson & CO. boosted its position in shares of Polaris by 13.6% in the first quarter. D.A. Davidson & CO. now owns 2,510 shares of the company's stock worth $264,000 after buying an additional 301 shares during the period. Rhumbline Advisers boosted its position in shares of Polaris by 0.4% in the first quarter. Rhumbline Advisers now owns 152,648 shares of the company's stock worth $16,077,000 after buying an additional 572 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Polaris by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,905 shares of the company's stock valued at $2,202,000 after purchasing an additional 1,993 shares during the last quarter. BlackRock Inc. boosted its holdings in Polaris by 0.3% in the first quarter. BlackRock Inc. now owns 4,803,771 shares of the company's stock valued at $505,933,000 after purchasing an additional 13,281 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Polaris by 8.9% in the first quarter. Great West Life Assurance Co. Can now owns 33,033 shares of the company's stock valued at $3,575,000 after purchasing an additional 2,692 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Performance

PII stock traded down $1.52 on Tuesday, reaching $88.08. The company's stock had a trading volume of 670,273 shares, compared to its average volume of 668,031. Polaris Inc. has a 52 week low of $82.00 and a 52 week high of $138.49. The company has a market capitalization of $4.97 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 2.46 and a beta of 1.60. The firm has a fifty day moving average of $93.26 and a two-hundred day moving average of $92.03. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the business posted $3.46 earnings per share. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts predict that Polaris Inc. will post 7.95 EPS for the current fiscal year.

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 29th. 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 3.00%. Polaris's dividend payout ratio (DPR) is 30.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PII. BMO Capital Markets reduced their price target on Polaris from $100.00 to $95.00 and set a "market perform" rating for the company in a report on Wednesday, January 31st. Truist Financial reduced their price target on Polaris from $100.00 to $96.00 and set a "hold" rating for the company in a report on Wednesday, January 31st. Longbow Research upgraded Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Monday, April 8th. Bank of America initiated coverage on Polaris in a research note on Wednesday, April 3rd. They set a "neutral" rating and a $110.00 price objective on the stock. Finally, DA Davidson restated a "neutral" rating and set a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $104.73.

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.