Mitsubishi UFJ Trust & Banking Corp Sells 3,592 Shares of Polaris Inc. (NYSE:PII)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Polaris Inc. (NYSE:PIIGet Rating) by 51.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,427 shares of the company’s stock after selling 3,592 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Polaris were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its position in Polaris by 15.7% in the second quarter. CWM LLC now owns 802 shares of the company’s stock valued at $80,000 after purchasing an additional 109 shares during the last quarter. Texas Permanent School Fund lifted its position in Polaris by 0.3% in the second quarter. Texas Permanent School Fund now owns 40,554 shares of the company’s stock valued at $4,026,000 after purchasing an additional 115 shares during the last quarter. Raymond James Trust N.A. lifted its position in Polaris by 2.5% in the second quarter. Raymond James Trust N.A. now owns 5,135 shares of the company’s stock valued at $510,000 after purchasing an additional 125 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in Polaris by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 26,946 shares of the company’s stock valued at $2,675,000 after purchasing an additional 128 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Polaris by 4.8% in the second quarter. Oppenheimer & Co. Inc. now owns 3,075 shares of the company’s stock valued at $305,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the subject of several recent research reports. DA Davidson lowered their price objective on Polaris from $101.00 to $90.00 in a research report on Wednesday, October 26th. Raymond James decreased their target price on Polaris from $137.00 to $123.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 26th. Citigroup downgraded Polaris from a “buy” rating to a “neutral” rating and decreased their target price for the company from $131.00 to $101.00 in a report on Wednesday, October 19th. Truist Financial decreased their target price on Polaris from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, October 5th. Finally, StockNews.com upgraded Polaris from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.44.

Polaris Price Performance

Shares of PII stock opened at $112.52 on Wednesday. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 20.24 and a beta of 1.52. The business’s fifty day moving average is $102.79 and its 200 day moving average is $107.07. Polaris Inc. has a twelve month low of $91.86 and a twelve month high of $127.37. The company has a quick ratio of 0.41, a current ratio of 1.28 and a debt-to-equity ratio of 1.55.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.64 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.28%. Polaris’s dividend payout ratio is currently 46.04%.

Polaris Company Profile

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Polaris Inc designs, engineers, manufactures, and markets power sports 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; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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