MassMutual Private Wealth & Trust FSB lessened its holdings in Polaris Inc. (NYSE:PII – Free Report) by 34.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 793 shares of the company’s stock after selling 421 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Polaris were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Goldstone Financial Group LLC bought a new position in Polaris in the 2nd quarter valued at $376,000. Bard Financial Services Inc. grew its stake in Polaris by 14.8% in the 2nd quarter. Bard Financial Services Inc. now owns 44,220 shares of the company’s stock valued at $1,798,000 after purchasing an additional 5,700 shares during the period. Inspire Investing LLC grew its stake in Polaris by 21.2% in the 1st quarter. Inspire Investing LLC now owns 8,438 shares of the company’s stock valued at $345,000 after purchasing an additional 1,476 shares during the period. WBI Investments LLC bought a new position in Polaris in the 1st quarter valued at $660,000. Finally, Bayforest Capital Ltd grew its stake in Polaris by 43.1% in the 1st quarter. Bayforest Capital Ltd now owns 7,809 shares of the company’s stock valued at $320,000 after purchasing an additional 2,353 shares during the period. Institutional investors own 88.06% of the company’s stock.
Polaris Price Performance
Shares of PII stock opened at $55.19 on Monday. The firm has a market cap of $3.10 billion, a P/E ratio of -29.36 and a beta of 1.08. Polaris Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $86.51. The business’s 50 day moving average price is $54.51 and its 200-day moving average price is $44.77. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04.
Polaris Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a dividend yield of 4.9%. Polaris’s payout ratio is currently -142.55%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Polaris from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Roth Capital increased their price target on Polaris from $32.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on Polaris from $34.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Citigroup reiterated a “sell” rating and set a $27.00 price target (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. Finally, Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average target price of $49.17.
View Our Latest Analysis on PII
Polaris Company 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.
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