Private Advisor Group LLC Acquires Shares of 4,749 Polaris Inc. (NYSE:PII)

Private Advisor Group LLC bought a new stake in Polaris Inc. (NYSE:PII) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,749 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors have also modified their holdings of the company. Vigilant Capital Management LLC acquired a new stake in shares of Polaris in the 1st quarter valued at about $28,000. Dark Forest Capital Management LP raised its stake in shares of Polaris by 64.8% in the 4th quarter. Dark Forest Capital Management LP now owns 290 shares of the company’s stock valued at $29,000 after purchasing an additional 114 shares in the last quarter. Money Concepts Capital Corp raised its stake in shares of 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 in the last quarter. Ten Capital Wealth Advisors LLC acquired a new stake in shares of Polaris in the 1st quarter valued at about $46,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Polaris in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PII shares. StockNews.com started coverage on shares of Polaris in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. BMO Capital Markets increased their price objective on shares of Polaris from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 26th. Robert W. Baird increased their price objective on shares of Polaris from $125.00 to $140.00 in a research note on Wednesday, July 26th. Raymond James lowered shares of Polaris from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, July 18th. Finally, Citigroup increased their price objective on shares of Polaris from $130.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus target price of $124.18.

Insider Activity

In other news, SVP Dougherty Lucy Clark sold 38,887 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $134.67, for a total value of $5,236,912.29. Following the completion of the transaction, the senior vice president now directly owns 18,414 shares in the company, valued at $2,479,813.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Dougherty Lucy Clark sold 38,887 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $134.67, for a total transaction of $5,236,912.29. Following the completion of the sale, the senior vice president now directly owns 18,414 shares in the company, valued at $2,479,813.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James P. Williams sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,820,000.00. Following the sale, the senior vice president now owns 16,001 shares of the company’s stock, valued at $2,080,130. The disclosure for this sale can be found here. Insiders sold 145,464 shares of company stock worth $19,593,994 over the last three months. Corporate insiders own 2.75% of the company’s stock.

Polaris Price Performance

NYSE PII opened at $113.97 on Friday. Polaris Inc. has a 52 week low of $91.86 and a 52 week high of $138.49. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 1.21. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 10.64 and a beta of 1.65. The company has a 50-day moving average price of $123.78 and a two-hundred day moving average price of $115.37.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, July 25th. The company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.21 by $0.21. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Polaris had a net margin of 6.89% and a return on equity of 57.98%. Polaris’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.42 EPS. Analysts forecast that Polaris Inc. will post 10.41 EPS for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 31st. Polaris’s dividend payout ratio (DPR) is presently 24.28%.

Polaris Profile

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.