US Bancorp DE Decreases Holdings in Polaris Inc. (NYSE:PII)

US Bancorp DE lowered its stake in Polaris Inc. (NYSE:PIIFree Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,060 shares of the company’s stock after selling 657 shares during the period. US Bancorp DE’s holdings in Polaris were worth $859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in shares of Polaris in the 4th quarter worth approximately $31,000. First United Bank & Trust purchased a new position in Polaris during the fourth quarter worth $40,000. Orion Capital Management LLC bought a new position in Polaris during the third quarter valued at $46,000. Blue Trust Inc. raised its stake in shares of Polaris by 1,286.0% in the fourth quarter. Blue Trust Inc. now owns 693 shares of the company’s stock valued at $72,000 after acquiring an additional 643 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Polaris by 131.9% in the 4th quarter. Larson Financial Group LLC now owns 930 shares of the company’s stock worth $88,000 after acquiring an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PII. Truist Financial cut their price target on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Citigroup reduced their price target on Polaris from $100.00 to $96.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Robert W. Baird reduced their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Finally, downgraded Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Polaris currently has a consensus rating of “Hold” and an average target price of $100.27.

View Our Latest Analysis on PII

Polaris Trading Down 3.2 %

NYSE:PII opened at $79.53 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47. The firm has a 50-day simple moving average of $88.06 and a 200-day simple moving average of $90.06. Polaris Inc. has a one year low of $79.39 and a one year high of $138.49. The firm has a market cap of $4.49 billion, a P/E ratio of 11.66, a P/E/G ratio of 2.83 and a beta of 1.56.

Polaris (NYSE:PIIGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Polaris had a return on equity of 31.39% and a net margin of 4.63%. Polaris’s revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. Equities analysts anticipate that Polaris Inc. will post 8.01 EPS for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a yield of 3.32%. Polaris’s payout ratio is presently 38.71%.

Polaris Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Polaris (NYSE:PII)

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