Sanctuary Advisors LLC Acquires 963 Shares of Polaris Inc. (NYSE:PII)

Sanctuary Advisors LLC grew its stake in shares of Polaris Inc. (NYSE:PII) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,504 shares of the company’s stock after buying an additional 963 shares during the quarter. Sanctuary Advisors LLC’s holdings in Polaris were worth $432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after acquiring an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in Polaris in the third quarter valued at approximately $12,670,000. Weiss Asset Management LP purchased a new stake in shares of Polaris during the third quarter valued at approximately $10,844,000. Kiltearn Partners LLP grew its holdings in shares of Polaris by 147.9% in the third quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock worth $12,877,000 after purchasing an additional 92,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Polaris by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock worth $188,371,000 after purchasing an additional 69,844 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PII. Truist Financial lowered their price target on shares of Polaris from $60.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Roth Mkm dropped their target price on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 24th. UBS Group cut their target price on Polaris from $67.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price objective on Polaris from $65.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.17.

Polaris Stock Up 0.1 %

Shares of NYSE:PII opened at $44.88 on Monday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 22.90, a P/E/G ratio of 13.95 and a beta of 1.50. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.39 and a current ratio of 1.15. The stock has a 50 day moving average price of $51.31 and a 200-day moving average price of $66.78. Polaris Inc. has a 52-week low of $42.85 and a 52-week high of $100.91.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%. As a group, equities research analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Polaris’s previous quarterly dividend of $0.66. Polaris’s dividend payout ratio is 136.73%.

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.