Telemus Capital LLC Purchases 3,575 Shares of Polaris Inc. (NYSE:PII)

Telemus Capital LLC grew its stake in shares of Polaris Inc. (NYSE:PII) by 66.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,934 shares of the company’s stock after buying an additional 3,575 shares during the period. Telemus Capital LLC’s holdings in Polaris were worth $847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Duality Advisers LP increased its position in shares of Polaris by 0.7% during the fourth quarter. Duality Advisers LP now owns 34,163 shares of the company’s stock valued at $3,238,000 after buying an additional 254 shares during the period. CWM LLC boosted its stake in Polaris by 109.4% in the fourth quarter. CWM LLC now owns 2,333 shares of the company’s stock worth $221,000 after buying an additional 1,219 shares in the last quarter. Xponance Inc. boosted its stake in Polaris by 8.4% in the fourth quarter. Xponance Inc. now owns 8,660 shares of the company’s stock worth $821,000 after buying an additional 670 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Polaris by 11.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,725 shares of the company’s stock worth $1,111,000 after buying an additional 1,165 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Polaris during the fourth quarter valued at approximately $1,412,000. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

NYSE:PII traded up $1.16 on Monday, hitting $88.55. The stock had a trading volume of 340,423 shares, compared to its average volume of 661,069. The business’s 50-day simple moving average is $93.03 and its two-hundred day simple moving average is $91.75. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 2.37 and a beta of 1.60.

Polaris (NYSE:PII) last issued its 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 business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. Polaris had a net margin of 5.63% and a return on equity of 40.98%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $3.46 EPS. As a group, research analysts predict that Polaris Inc. will post 7.97 earnings per share for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.66 dividend. This is an increase from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a yield of 2.98%. Polaris’s payout ratio is presently 30.34%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Truist Financial dropped their price objective on Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. KeyCorp dropped their price objective on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, January 12th. DA Davidson restated a “neutral” rating and set a $80.00 target price on shares of Polaris in a report on Tuesday, March 5th. Finally, Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.73.

About Polaris

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.