Polaris Inc. (NYSE:PII) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Polaris Inc. (NYSE:PIIFree Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,791 shares of the company’s stock after acquiring an additional 1,135 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Polaris were worth $1,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp acquired a new stake in Polaris during the fourth quarter worth $852,000. Semanteon Capital Management LP purchased a new position in shares of Polaris during the fourth quarter worth $1,270,000. Charles Schwab Investment Management Inc. boosted its position in shares of Polaris by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 358,306 shares of the company’s stock worth $33,957,000 after buying an additional 10,745 shares during the period. International Assets Investment Management LLC boosted its position in shares of Polaris by 10,524.7% during the fourth quarter. International Assets Investment Management LLC now owns 61,411 shares of the company’s stock worth $5,820,000 after buying an additional 60,833 shares during the period. Finally, Camarda Financial Advisors LLC purchased a new position in shares of Polaris during the third quarter worth $1,354,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Down 1.0 %

Shares of NYSE PII opened at $78.90 on Friday. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.74 and a beta of 1.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The business has a 50-day moving average of $87.35 and a two-hundred day moving average of $89.90. Polaris Inc. has a 1 year low of $77.45 and a 1 year high of $138.49.

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

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, June 3rd. Polaris’s dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

Several research firms have recently commented on PII. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, April 8th. Truist Financial decreased their target price on Polaris from $96.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Robert W. Baird decreased their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered Polaris from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their target price on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.27.

Read Our Latest Stock Report on Polaris

Polaris 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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