SG Americas Securities LLC Makes New $209,000 Investment in Polaris Inc. (NYSE:PII)

SG Americas Securities LLC acquired a new position in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,209 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Polaris by 71.2% during the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Polaris in the fourth quarter valued at $31,000. Money Concepts Capital Corp boosted its stake in shares of Polaris by 89.1% in the fourth 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 period. Larson Financial Group LLC boosted its stake in shares of Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after purchasing an additional 338 shares during the period. Finally, Orion Capital Management LLC purchased a new position in shares of Polaris in the third quarter valued at $46,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Polaris in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 target price for the company. DA Davidson restated a “neutral” rating and issued a $80.00 target price on shares of Polaris in a research note on Tuesday, March 5th. Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Monday, April 8th. Royal Bank of Canada upped their target price on shares of Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Finally, Truist Financial cut their price target on shares of Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Polaris presently has a consensus rating of “Hold” and a consensus price target of $104.73.

Polaris Stock Down 2.2 %

Shares of NYSE:PII opened at $90.55 on Friday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.60. Polaris Inc. has a 1-year low of $82.00 and a 1-year high of $138.49. The company’s fifty day moving average is $93.24 and its two-hundred day moving average is $92.38. 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 (NYSE:PII) last issued its earnings results 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). The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the company posted $3.46 earnings per share. Equities analysts anticipate that Polaris Inc. will post 7.95 EPS for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 2.92%. This is a boost from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 29th. Polaris’s dividend payout ratio is 30.34%.

Polaris 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.