Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,272 Shares of Polaris Inc. (NYSE:PII)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Polaris Inc. (NYSE:PII) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,157 shares of the company’s stock after buying an additional 1,272 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Polaris were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PII. UMB Bank n.a. lifted its position in shares of Polaris by 114.1% during the 1st quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $33,000 after buying an additional 429 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Polaris during the 1st quarter worth approximately $35,000. Fifth Third Bancorp lifted its position in shares of Polaris by 46.9% during the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company’s stock worth $41,000 after buying an additional 318 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Polaris by 191.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,214 shares of the company’s stock worth $50,000 after buying an additional 797 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Polaris by 7,462.5% during the 1st quarter. Allworth Financial LP now owns 1,210 shares of the company’s stock worth $50,000 after buying an additional 1,194 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PII has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Polaris from $46.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating and set a $52.00 price target (up previously from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Roth Capital raised their price target on shares of Polaris from $32.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial decreased their price target on shares of Polaris from $55.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.33.

Polaris Stock Down 0.5%

Polaris stock opened at $52.67 on Thursday. Polaris Inc. has a 1-year low of $30.92 and a 1-year high of $87.83. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -28.01 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The firm has a 50 day simple moving average of $45.31 and a 200 day simple moving average of $42.66.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.35. Polaris had a negative net margin of 1.57% and a positive return on equity of 5.16%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $1.38 EPS. Polaris’s revenue was down 5.5% compared to the same quarter last year. On average, analysts predict that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, September 2nd. Polaris’s payout ratio is -142.55%.

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.