GW&K Investment Management LLC Trims Stock Holdings in Polaris Inc. (NYSE:PII)

GW&K Investment Management LLC cut its stake in shares of Polaris Inc. (NYSE:PII - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,651 shares of the company's stock after selling 20,298 shares during the quarter. GW&K Investment Management LLC owned approximately 0.70% of Polaris worth $37,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PII. Quest Partners LLC acquired a new position in shares of Polaris in the fourth quarter worth approximately $315,000. Trexquant Investment LP bought a new position in Polaris during the 4th quarter worth approximately $1,499,000. Wells Fargo & Company MN lifted its position in shares of Polaris by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 306,963 shares of the company's stock worth $29,091,000 after purchasing an additional 14,310 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Polaris by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,248 shares of the company's stock valued at $2,014,000 after purchasing an additional 5,411 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Polaris by 17.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,669 shares of the company's stock worth $916,000 after buying an additional 1,429 shares during the period. 88.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on PII shares. DA Davidson reaffirmed a "neutral" rating and set a $80.00 price target on shares of Polaris in a research report on Tuesday, March 5th. Longbow Research raised Polaris from a "neutral" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Monday, April 8th. BMO Capital Markets lowered their target price on Polaris from $100.00 to $95.00 and set a "market perform" rating for the company in a report on Wednesday, January 31st. Robert W. Baird cut their price target on Polaris from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, April 24th. Finally, Truist Financial lowered their price objective on shares of Polaris from $96.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, April 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Polaris has a consensus rating of "Hold" and a consensus price target of $100.27.

Polaris Stock Down 1.8 %

PII stock traded down $1.48 during midday trading on Tuesday, reaching $82.23. 618,423 shares of the company's stock traded hands, compared to its average volume of 694,897. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. The firm's fifty day moving average price is $90.14 and its 200-day moving average price is $90.63. Polaris Inc. has a 52 week low of $81.93 and a 52 week high of $138.49. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.45 and a beta of 1.61.

Polaris (NYSE:PII - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $2.05 earnings per share. The firm's revenue for the quarter was down 20.3% on a year-over-year basis. As a group, sell-side analysts forecast that Polaris Inc. will post 8.01 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 $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris's dividend payout ratio (DPR) is presently 38.71%.

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.