Advisor OS LLC Takes Position in Polaris Inc. (NYSE:PII)

Advisor OS LLC purchased a new stake in Polaris Inc. (NYSE:PII) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,497 shares of the company’s stock, valued at approximately $259,000.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in shares of Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company’s stock valued at $29,000 after buying an additional 294 shares during the period. Blue Trust Inc. lifted its stake in shares of Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after buying an additional 389 shares during the period. Quarry LP raised its stake in Polaris by 187.4% during the third quarter. Quarry LP now owns 388 shares of the company’s stock worth $32,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC raised its stake in Polaris by 232.6% during the fourth quarter. GAMMA Investing LLC now owns 968 shares of the company’s stock worth $56,000 after purchasing an additional 677 shares during the period. Finally, National Bank of Canada FI raised its stake in Polaris by 19.9% during the third quarter. National Bank of Canada FI now owns 1,101 shares of the company’s stock worth $92,000 after purchasing an additional 183 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Polaris Price Performance

PII opened at $44.84 on Friday. The stock has a fifty day moving average price of $51.57 and a 200 day moving average price of $67.21. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. Polaris Inc. has a 1 year low of $42.85 and a 1 year high of $100.91. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 13.95 and a beta of 1.50.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 28th. The company reported $0.92 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%. Analysts forecast that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 136.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PII shares. Citigroup cut their target price on shares of Polaris from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Truist Financial cut their target price on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. DA Davidson cut their target price on shares of Polaris from $69.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada cut their target price on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.17.

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.