Code Waechter LLC Buys 1,135 Shares of Polaris Inc. (NYSE:PII)

Code Waechter LLC increased its position in Polaris Inc. (NYSE:PII) by 43.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,724 shares of the company’s stock after acquiring an additional 1,135 shares during the quarter. Code Waechter LLC’s holdings in Polaris were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kiltearn Partners LLP boosted its holdings in Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after purchasing an additional 92,300 shares during the period. FMR LLC raised its position in shares of Polaris by 22.0% in the third quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after buying an additional 24,103 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Polaris by 545.1% during the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company’s stock valued at $2,231,000 after buying an additional 22,648 shares during the period. Victory Capital Management Inc. grew its position in Polaris by 167.1% during the third quarter. Victory Capital Management Inc. now owns 43,762 shares of the company’s stock worth $3,643,000 after buying an additional 27,375 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Polaris by 8,867.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 63,938 shares of the company’s stock worth $5,322,000 after acquiring an additional 63,225 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Price Performance

NYSE PII opened at $55.42 on Tuesday. Polaris Inc. has a 12-month low of $52.77 and a 12-month high of $100.91. The firm’s fifty day simple moving average is $63.35 and its two-hundred day simple moving average is $74.28. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.09 billion, a P/E ratio of 15.48, a P/E/G ratio of 6.59 and a beta of 1.53.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $2.71 EPS. The firm’s revenue for the quarter was down 23.4% compared to the same quarter last year. Analysts forecast that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.66 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.76%. Polaris’s payout ratio is 73.74%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PII shares. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. DA Davidson lowered their price target on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. KeyCorp lowered Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Robert W. Baird reduced their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Finally, Truist Financial lowered their price objective on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Polaris has a consensus rating of “Hold” and a consensus price target of $84.00.

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.