Allworth Financial LP Acquires 1,194 Shares of Polaris Inc. (NYSE:PII)

Allworth Financial LP boosted its holdings in shares of Polaris Inc. (NYSE:PIIFree Report) by 7,462.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,210 shares of the company’s stock after purchasing an additional 1,194 shares during the quarter. Allworth Financial LP’s holdings in Polaris were worth $50,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PII. TD Waterhouse Canada Inc. grew its position in shares of Polaris by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,484 shares of the company’s stock valued at $1,295,000 after purchasing an additional 241 shares in the last quarter. Xponance Inc. grew its holdings in Polaris by 5.1% during the 4th quarter. Xponance Inc. now owns 5,956 shares of the company’s stock valued at $343,000 after buying an additional 288 shares in the last quarter. Fifth Third Bancorp increased its stake in Polaris by 46.9% in the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company’s stock worth $41,000 after acquiring an additional 318 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Polaris by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,904 shares of the company’s stock worth $1,435,000 after acquiring an additional 341 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Polaris by 5.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company’s stock valued at $327,000 after acquiring an additional 379 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PII. Roth Capital restated a “neutral” rating on shares of Polaris in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Polaris from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Robert W. Baird increased their price target on shares of Polaris from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Baird R W lowered Polaris from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Morgan Stanley decreased their price objective on Polaris from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Check Out Our Latest Analysis on Polaris

Polaris Price Performance

PII opened at $46.80 on Friday. The business has a fifty day moving average of $42.01 and a 200 day moving average of $43.08. The stock has a market cap of $2.63 billion, a P/E ratio of 65.00 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 1.12 and a debt-to-equity ratio of 1.32. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $87.83.

Polaris (NYSE:PIIGet Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.90) earnings per share for the quarter, topping the consensus estimate of ($0.91) by $0.01. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Polaris had a return on equity of 9.26% and a net margin of 0.58%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Monday, June 2nd. Polaris’s dividend payout ratio is presently 372.22%.

About Polaris

(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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