Aigen Investment Management LP Purchases New Holdings in Polaris Inc. (NYSE:PII)

Aigen Investment Management LP bought a new position in Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,561 shares of the company’s stock, valued at approximately $839,000.

Several other large investors have also bought and sold shares of PII. Bank of New York Mellon Corp raised its holdings in Polaris by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 776,473 shares of the company’s stock worth $44,740,000 after buying an additional 241,926 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Polaris by 44.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock worth $46,232,000 after buying an additional 171,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Polaris in the third quarter worth about $12,670,000. Weiss Asset Management LP purchased a new position in Polaris in the third quarter worth about $10,844,000. Finally, Kiltearn Partners LLP raised its holdings in Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after buying an additional 92,300 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PII. StockNews.com cut shares of Polaris from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. KeyCorp cut shares of Polaris from an “overweight” rating to a “sector weight” rating in a report on Wednesday, January 8th. DA Davidson decreased their price objective on shares of Polaris from $69.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada decreased their price objective on shares of Polaris from $65.00 to $54.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial decreased their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $66.17.

Polaris Stock Performance

Shares of NYSE PII opened at $41.16 on Thursday. The firm has a 50 day moving average of $50.71 and a 200 day moving average of $66.21. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 13.95 and a beta of 1.50. Polaris Inc. has a 12-month low of $39.79 and a 12-month high of $100.91.

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

Polaris Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.67 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Monday, March 3rd. Polaris’s dividend payout ratio is presently 136.73%.

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.