Select Equity Group L.P. Lowers Stock Holdings in Polaris Inc. (NYSE:PII)

Select Equity Group L.P. reduced its position in Polaris Inc. (NYSE:PII - Free Report) by 66.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 669,370 shares of the company's stock after selling 1,318,719 shares during the quarter. Select Equity Group L.P. owned approximately 1.20% of Polaris worth $38,569,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in shares of Polaris during the 4th quarter valued at about $29,000. Larson Financial Group LLC boosted its position in shares of Polaris by 386.5% during the 4th quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Polaris by 295.4% during the 4th quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after purchasing an additional 387 shares in the last quarter. Signaturefd LLC boosted its position in shares of Polaris by 82.6% during the 4th quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after purchasing an additional 460 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Polaris by 418.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,032 shares of the company's stock valued at $117,000 after purchasing an additional 1,640 shares in the last quarter. 88.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PII has been the topic of several research analyst reports. UBS Group cut their target price on Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley cut their price target on Polaris from $31.00 to $29.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. DA Davidson cut their price target on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Truist Financial cut their price target on Polaris from $55.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Bank of America lowered their price objective on shares of Polaris from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.36.

Polaris Stock Performance

Shares of PII traded up $1.46 on Tuesday, reaching $40.56. 2,089,379 shares of the company's stock traded hands, compared to its average volume of 1,169,719. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2.28 billion, a PE ratio of 20.69, a PEG ratio of 13.95 and a beta of 1.05. The stock's 50 day simple moving average is $37.17 and its two-hundred day simple moving average is $49.54. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $88.00.

Polaris (NYSE:PII - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.01. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Polaris had a net margin of 1.54% and a return on equity of 13.78%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend is Monday, June 2nd. Polaris's dividend payout ratio is currently 372.22%.

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.