Polaris Inc. (NYSE:PII) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in Polaris Inc. (NYSE:PII - Free Report) by 10,524.7% during the fourth 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 acquiring an additional 60,833 shares during the quarter. International Assets Investment Management LLC owned 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 and hedge funds have also recently bought and sold shares of PII. Qube Research & Technologies Ltd boosted its position in Polaris by 276.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company's stock worth $37,845,000 after acquiring an additional 266,887 shares during the period. AQR Capital Management LLC lifted its stake in Polaris by 151.9% in the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company's stock worth $44,168,000 after acquiring an additional 255,777 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Polaris by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company's stock worth $257,993,000 after purchasing an additional 202,794 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Polaris by 4,928.2% in the third quarter. Lazard Asset Management LLC now owns 138,275 shares of the company's stock worth $14,399,000 after acquiring an additional 135,525 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Polaris by 41.7% during the 3rd quarter. Invesco Ltd. now owns 274,342 shares of the company's stock valued at $28,570,000 after buying an additional 80,788 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PII shares. Citigroup decreased their price target on Polaris from $100.00 to $96.00 and set a "neutral" rating for the company in a research note on Wednesday, April 24th. DA Davidson restated a "neutral" rating and issued a $80.00 price objective on shares of Polaris in a research note on Tuesday, March 5th. StockNews.com lowered shares of Polaris from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Morgan Stanley raised Polaris from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. Finally, Truist Financial decreased their price objective on Polaris from $96.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and a consensus price target of $100.27.

Polaris Trading Up 0.5 %

Shares of NYSE PII traded up $0.41 during midday trading on Wednesday, reaching $84.52. 544,283 shares of the stock were exchanged, compared to its average volume of 708,761. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. Polaris Inc. has a 12 month low of $82.00 and a 12 month high of $138.49. The business has a 50-day simple moving average of $91.32 and a two-hundred day simple moving average of $90.72. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.44 and a beta of 1.61.

Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating 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 business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm's revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, equities research analysts expect that Polaris Inc. will post 8.01 EPS for the current year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, June 3rd. Polaris's payout ratio is 38.71%.

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.