Polaris Inc. (NYSE:PII) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its position in Polaris Inc. (NYSE:PII) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,055 shares of the company’s stock after selling 337 shares during the period. Arizona State Retirement System’s holdings in Polaris were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. purchased a new stake in Polaris in the 4th quarter worth $1,788,000. Camelot Portfolios LLC increased its holdings in Polaris by 35.0% in the 4th quarter. Camelot Portfolios LLC now owns 9,811 shares of the company’s stock worth $930,000 after acquiring an additional 2,544 shares in the last quarter. Oak Thistle LLC increased its holdings in Polaris by 56.5% in the 4th quarter. Oak Thistle LLC now owns 8,461 shares of the company’s stock worth $802,000 after acquiring an additional 3,053 shares in the last quarter. JLB & Associates Inc. increased its holdings in Polaris by 0.7% in the 4th quarter. JLB & Associates Inc. now owns 25,627 shares of the company’s stock worth $2,429,000 after acquiring an additional 174 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Polaris by 1,286.0% in the 4th quarter. Blue Trust Inc. now owns 693 shares of the company’s stock worth $72,000 after acquiring an additional 643 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America assumed coverage on shares of Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target for the company. DA Davidson reaffirmed a “neutral” rating and set a $80.00 target price on shares of Polaris in a report on Tuesday, March 5th. BMO Capital Markets dropped their target price on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada upped their target price on shares of Polaris from $100.00 to $103.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Finally, Truist Financial dropped their target price on shares of Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.73.

Polaris Stock Down 2.2 %

Shares of PII opened at $90.55 on Friday. The stock has a market capitalization of $5.11 billion, a PE ratio of 10.41, a P/E/G ratio of 2.52 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 has a debt-to-equity ratio of 1.31, a quick ratio of 0.46 and a current ratio of 1.39. The company’s 50-day simple moving average is $93.24 and its 200-day simple moving average is $92.31.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $3.46 EPS. Analysts forecast that Polaris Inc. will post 7.95 earnings per share for the current fiscal year.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Thursday, February 29th. This is a boost from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is currently 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.