Polaris Inc. (NYSE:PII) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC cut its holdings in Polaris Inc. (NYSE:PII) by 11.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,399 shares of the company’s stock after selling 1,163 shares during the quarter. Camelot Portfolios LLC’s holdings in Polaris were worth $542,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Polaris by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after acquiring an additional 69,844 shares in the last quarter. Confluence Investment Management LLC grew its position in shares of Polaris by 0.7% in the third quarter. Confluence Investment Management LLC now owns 1,039,359 shares of the company’s stock valued at $86,516,000 after purchasing an additional 6,724 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Polaris by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after purchasing an additional 171,366 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. lifted its stake in Polaris by 34.8% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 265,517 shares of the company’s stock valued at $15,299,000 after buying an additional 68,537 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Polaris by 9.9% in the 3rd quarter. Systematic Financial Management LP now owns 229,565 shares of the company’s stock worth $19,109,000 after buying an additional 20,695 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

Polaris stock opened at $46.56 on Friday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $52.62 and a 200-day simple moving average of $68.14. Polaris Inc. has a 1-year low of $42.85 and a 1-year high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Polaris had a return on equity of 13.78% and a net margin of 1.54%. On average, analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.67 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Monday, March 3rd. Polaris’s payout ratio is 134.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PII. Roth Mkm reduced their target price on Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Truist Financial reduced their price objective on Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Royal Bank of Canada lowered 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. Robert W. Baird reduced their target price on shares of Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research report on Monday, December 30th. Finally, UBS Group lowered their price target on shares of Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and an average price target 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.