Jump Financial LLC Has $674,000 Stock Holdings in Polaris Inc. (NYSE:PII)

Jump Financial LLC lessened its position in shares of Polaris Inc. (NYSE:PIIFree Report) by 75.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,476 shares of the company’s stock after selling 20,119 shares during the period. Jump Financial LLC’s holdings in Polaris were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Polaris during the 2nd quarter worth approximately $772,000. Farther Finance Advisors LLC lifted 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 worth $30,000 after acquiring an additional 104 shares during the period. Money Concepts Capital Corp lifted its stake in Polaris by 89.1% in 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 during the last quarter. Huntington National Bank lifted its stake in Polaris by 526.0% in the 2nd quarter. Huntington National Bank now owns 313 shares of the company’s stock valued at $38,000 after purchasing an additional 263 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Polaris in the 2nd quarter valued at approximately $47,000. Institutional investors own 87.36% of the company’s stock.

Polaris Stock Up 1.7 %

Shares of NYSE PII opened at $90.22 on Thursday. The firm has a market cap of $5.09 billion, a PE ratio of 10.37 and a beta of 1.60. Polaris Inc. has a 12-month low of $82.00 and a 12-month high of $138.49. The company’s fifty day simple moving average is $90.78 and its 200 day simple moving average is $100.01. 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 (NYSE:PIIGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.69). Polaris had a net margin of 5.63% and a return on equity of 40.98%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the business posted $3.46 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Polaris Inc. will post 7.98 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, February 29th. Polaris’s dividend payout ratio (DPR) is 29.89%.

Analyst Ratings Changes

PII has been the subject of several research reports. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $103.00 to $113.00 in a research note on Wednesday, January 17th. TheStreet downgraded shares of Polaris from a “b-” rating to a “c+” rating in a research note on Thursday, November 2nd. Royal Bank of Canada upped their price target on shares of Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Truist Financial decreased their price target on shares of Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Finally, KeyCorp decreased their price target on shares of Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus target price of $102.11.

Get Our Latest Report on Polaris

Polaris Company Profile

(Free Report)

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles worldwide. 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; moto-roadsters, quadricycles, and boats; and aftermarket parts and apparel.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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