Schechter Investment Advisors LLC Decreases Stake in Polaris Inc. (NYSE:PII)

Schechter Investment Advisors LLC lowered its position in Polaris Inc. (NYSE:PII) by 11.6% in the 4th quarter, HoldingsChannel reports. The fund owned 10,962 shares of the company’s stock after selling 1,432 shares during the period. Schechter Investment Advisors LLC’s holdings in Polaris were worth $1,039,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Polaris by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,885,506 shares of the company’s stock worth $562,950,000 after acquiring an additional 89,717 shares during the last quarter. BlackRock Inc. increased its holdings in Polaris by 0.4% in the 1st quarter. BlackRock Inc. now owns 4,868,936 shares of the company’s stock worth $538,650,000 after acquiring an additional 17,165 shares during the last quarter. State Street Corp increased its holdings in Polaris by 14.8% in the 1st quarter. State Street Corp now owns 4,136,582 shares of the company’s stock worth $435,665,000 after acquiring an additional 532,947 shares during the last quarter. Capital World Investors increased its holdings in Polaris by 33.2% in the 1st quarter. Capital World Investors now owns 3,698,573 shares of the company’s stock worth $389,534,000 after acquiring an additional 922,101 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Polaris by 8.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,477,363 shares of the company’s stock worth $257,993,000 after acquiring an additional 202,794 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII stock opened at $99.08 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.46 and a current ratio of 1.39. Polaris Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $138.49. The stock has a 50 day moving average price of $92.13 and a two-hundred day moving average price of $93.08. The company has a market capitalization of $5.60 billion, a P/E ratio of 11.39 and a beta of 1.59.

Polaris (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). The company had revenue of $2.29 billion during 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 business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.46 EPS. Analysts expect that Polaris Inc. will post 7.98 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Thursday, February 29th. This is an increase from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

A number of research analysts have weighed in on PII shares. Morgan Stanley raised Polaris from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $103.00 to $113.00 in a report on Wednesday, January 17th. BMO Capital Markets reduced their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Truist Financial reduced their target price on Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. KeyCorp reduced their target price on Polaris from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, January 12th. Finally, DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of Polaris in a report on Tuesday, March 5th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Polaris currently has an average rating of “Hold” and a consensus price target of $102.44.

Polaris Company 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.