Stifel Financial Corp grew its holdings in Polaris Inc. (NYSE:PII - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,293 shares of the company's stock after buying an additional 19,232 shares during the quarter. Stifel Financial Corp owned approximately 0.22% of Polaris worth $7,047,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in Polaris by 386.5% in the fourth quarter. Larson Financial Group LLC now owns 506 shares of the company's stock valued at $29,000 after acquiring an additional 402 shares during the last quarter. Twin Tree Management LP bought a new position in Polaris in the fourth quarter valued at about $29,000. Lindbrook Capital LLC boosted its holdings in Polaris by 295.4% in the fourth quarter. Lindbrook Capital LLC now owns 518 shares of the company's stock valued at $30,000 after acquiring an additional 387 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Polaris by 232.6% in the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after acquiring an additional 677 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Polaris by 82.6% in the fourth quarter. Signaturefd LLC now owns 1,017 shares of the company's stock valued at $59,000 after acquiring an additional 460 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Truist Financial decreased 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. KeyCorp cut Polaris from an "overweight" rating to a "sector weight" rating in a report on Wednesday, January 8th. DA Davidson reduced their target price on Polaris from $69.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. BMO Capital Markets reduced their target price on Polaris from $60.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Finally, Roth Capital restated a "neutral" rating on shares of Polaris in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Polaris presently has an average rating of "Hold" and an average target price of $50.64.
Check Out Our Latest Stock Report on PII
Polaris Trading Down 1.8 %
NYSE:PII opened at $33.75 on Tuesday. The business's 50-day simple moving average is $39.84 and its 200-day simple moving average is $53.74. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $90.62. The stock has a market capitalization of $1.89 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 13.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39.
Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. Sell-side analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.
Polaris Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date was Monday, March 3rd. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio (DPR) is currently 136.73%.
About Polaris
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding PII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polaris Inc. (NYSE:PII - Free Report).
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