LPL Financial LLC Has $4 Million Stock Holdings in Polaris Inc. (NYSE:PII)

LPL Financial LLC decreased its stake in shares of Polaris Inc. (NYSE:PII) by 3.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 69,444 shares of the company’s stock after selling 2,769 shares during the period. LPL Financial LLC’s holdings in Polaris were worth $4,001,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PII. FMR LLC lifted its position in shares of Polaris by 22.0% during the third quarter. FMR LLC now owns 133,665 shares of the company’s stock worth $11,126,000 after purchasing an additional 24,103 shares in the last quarter. HighTower Advisors LLC boosted its position in Polaris by 20.2% in the 3rd quarter. HighTower Advisors LLC now owns 4,350 shares of the company’s stock valued at $361,000 after buying an additional 731 shares during the last quarter. Quarry LP increased its stake in shares of Polaris by 187.4% in the 3rd quarter. Quarry LP now owns 388 shares of the company’s stock valued at $32,000 after buying an additional 253 shares during the period. Stifel Financial Corp raised its position in shares of Polaris by 11.8% during the third quarter. Stifel Financial Corp now owns 103,061 shares of the company’s stock worth $8,579,000 after acquiring an additional 10,843 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Polaris by 11.1% during the third quarter. Wellington Management Group LLP now owns 20,236 shares of the company’s stock valued at $1,684,000 after acquiring an additional 2,019 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group dropped their price objective on Polaris from $67.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Roth Mkm lowered their price target on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Truist Financial cut their price objective on shares of Polaris from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Baird R W lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Bank of America cut their price target on Polaris from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.91.

Polaris Stock Down 8.7 %

NYSE:PII opened at $33.48 on Friday. Polaris Inc. has a 1 year low of $30.92 and a 1 year high of $93.12. The stock has a 50-day moving average price of $42.58 and a two-hundred day moving average price of $57.95. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 13.95 and a beta of 1.32. The company has a current ratio of 1.15, a quick ratio of 0.39 and a debt-to-equity ratio of 1.27.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.67 dividend. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 8.00%. The ex-dividend date was Monday, March 3rd. Polaris’s payout ratio is currently 136.73%.

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.