Larson Financial Group LLC Increases Holdings in Polaris Inc. (NYSE:PII)

Larson Financial Group LLC increased its stake in shares of Polaris Inc. (NYSE:PII) by 131.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 930 shares of the company’s stock after purchasing an additional 529 shares during the period. Larson Financial Group LLC’s holdings in Polaris were worth $88,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PII. Qube Research & Technologies Ltd lifted its holdings in shares of Polaris by 276.5% in the third quarter. Qube Research & Technologies Ltd now owns 363,409 shares of the company’s stock worth $37,845,000 after buying an additional 266,887 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Polaris by 151.9% during the 3rd quarter. AQR Capital Management LLC now owns 424,118 shares of the company’s stock valued at $44,168,000 after purchasing an additional 255,777 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Polaris by 8.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock worth $257,993,000 after purchasing an additional 202,794 shares during the period. Lazard Asset Management LLC boosted its stake in Polaris by 4,928.2% during the third quarter. Lazard Asset Management LLC now owns 138,275 shares of the company’s stock valued at $14,399,000 after buying an additional 135,525 shares during the period. Finally, Invesco Ltd. grew its position in Polaris by 41.7% during the third quarter. Invesco Ltd. now owns 274,342 shares of the company’s stock worth $28,570,000 after buying an additional 80,788 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial dropped their price target on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $103.00 to $113.00 in a research note on Wednesday, January 17th. StockNews.com raised shares of Polaris from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup dropped their price objective on shares of Polaris from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, BMO Capital Markets reduced their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.27.

Polaris Price Performance

PII opened at $83.36 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $92.75 and its 200 day simple moving average is $91.57. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.50 and a beta of 1.60. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. As a group, analysts predict that Polaris Inc. will post 7.93 earnings per share for the current year.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.66 per share. This is a positive change from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, February 29th. Polaris’s dividend payout ratio is currently 38.71%.

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.