Davis R M Inc. Sells 54,576 Shares of Polaris Inc. (NYSE:PII)

Davis R M Inc. decreased its position in Polaris Inc. (NYSE:PII - Free Report) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,103 shares of the company's stock after selling 54,576 shares during the period. Davis R M Inc. owned about 0.07% of Polaris worth $3,611,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp bought a new stake in shares of Polaris in the 4th quarter valued at approximately $852,000. Semanteon Capital Management LP bought a new stake in shares of Polaris in the 4th quarter valued at approximately $1,270,000. International Assets Investment Management LLC grew its stake in shares of Polaris by 10,524.7% in the 4th quarter. International Assets Investment Management LLC now owns 61,411 shares of the company's stock valued at $5,820,000 after purchasing an additional 60,833 shares during the period. Camarda Financial Advisors LLC bought a new stake in shares of Polaris in the 3rd quarter valued at approximately $1,354,000. Finally, Quantbot Technologies LP bought a new stake in shares of Polaris in the 3rd quarter valued at approximately $1,227,000. Institutional investors and hedge funds own 88.06% of the company's stock.

Polaris Trading Down 0.5 %

Shares of Polaris stock traded down $0.42 during trading on Wednesday, reaching $81.81. 500,682 shares of the company were exchanged, compared to its average volume of 692,949. The company has a quick ratio of 0.42, a current ratio of 1.47 and a debt-to-equity ratio of 1.46. Polaris Inc. has a twelve month low of $81.40 and a twelve month high of $138.49. The business has a 50-day moving average price of $89.96 and a 200-day moving average price of $90.55. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.43 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 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.17. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The company's revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Sell-side analysts anticipate that Polaris Inc. will post 8.01 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 3.23%. Polaris's dividend payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

PII has been the topic of a number of research analyst reports. Truist Financial decreased their price target on Polaris from $96.00 to $92.00 and set a "hold" rating on the stock in a research report on Wednesday, April 24th. Bank of America initiated coverage on Polaris in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $110.00 price target on the stock. BMO Capital Markets decreased their price target on Polaris from $100.00 to $95.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 31st. StockNews.com lowered Polaris from a "buy" rating to a "hold" rating in a research report on Thursday, May 2nd. Finally, Longbow Research upgraded Polaris from a "neutral" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Monday, April 8th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $100.27.

Polaris Company 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.