Polaris Inc. (NYSE:PII) Holdings Cut by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. decreased its stake in Polaris Inc. (NYSE:PIIFree Report) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,123 shares of the company’s stock after selling 694 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Polaris were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Polaris by 71.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of Polaris during the 4th quarter valued at $31,000. Money Concepts Capital Corp raised its holdings in shares of Polaris by 89.1% during the 4th quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock valued at $32,000 after purchasing an additional 147 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Polaris by 536.5% during the 3rd quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Polaris during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

NYSE PII opened at $97.10 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.46. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 11.16 and a beta of 1.60. The company’s fifty day moving average is $92.58 and its two-hundred day moving average is $92.78. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49.

Polaris (NYSE:PIIGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.69). The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.46 earnings per share. Equities research analysts forecast that Polaris Inc. will post 7.98 EPS for the current year.

Polaris Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.72%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. Polaris’s dividend payout ratio (DPR) is currently 30.34%.

Analysts Set New Price Targets

PII has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Polaris from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. DA Davidson restated a “neutral” rating and set a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Truist Financial lowered their target price on shares of Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. KeyCorp lowered their target price on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, January 12th. Finally, Bank of America started coverage on shares of Polaris in a research note on Wednesday. They issued a “neutral” rating and a $110.00 target price on the stock. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Polaris has an average rating of “Hold” and a consensus target price of $103.20.

Read Our Latest Research Report on Polaris

Polaris Company Profile

(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.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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