9,000 Shares in Polaris Inc. (NYSE:PII) Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp acquired a new stake in shares of Polaris Inc. (NYSE:PII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $852,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new position in shares of Polaris during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC lifted its stake in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company's stock valued at $42,000 after buying an additional 338 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Polaris during the third quarter valued at $46,000. Concord Wealth Partners bought a new position in shares of Polaris during the third quarter worth about $66,000. Finally, Blue Trust Inc. increased its holdings in shares of Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company's stock worth $72,000 after acquiring an additional 643 shares during the period. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Stock Up 3.6 %

Shares of PII stock traded up $3.04 during trading hours on Monday, hitting $86.85. 1,002,015 shares of the company were exchanged, compared to its average volume of 719,229. The company has a market capitalization of $4.91 billion, a PE ratio of 12.73, a PEG ratio of 2.44 and a beta of 1.60. Polaris Inc. has a 52 week low of $82.00 and a 52 week high of $138.49. The business has a 50 day moving average of $92.40 and a two-hundred day moving average of $91.30. The company has a current ratio of 1.47, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $2.05 EPS. The company's quarterly revenue was down 20.3% on a year-over-year basis. Analysts anticipate that Polaris Inc. will post 8 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, June 3rd. Polaris's dividend payout ratio is currently 38.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Polaris from $100.00 to $96.00 and set a "neutral" rating for the company in a research note on Wednesday, April 24th. Morgan Stanley raised Polaris from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $103.00 to $113.00 in a research note on Wednesday, January 17th. Longbow Research raised Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price target for the company in a research note on Monday, April 8th. Robert W. Baird cut their price objective on shares of Polaris from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 24th. Finally, Truist Financial decreased their price target on Polaris from $96.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and an average price target of $100.27.

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.