Bayforest Capital Ltd Sells 16,589 Shares of Polaris Inc. $PII

Bayforest Capital Ltd decreased its stake in shares of Polaris Inc. (NYSE:PII) by 52.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,098 shares of the company’s stock after selling 16,589 shares during the quarter. Bayforest Capital Ltd’s holdings in Polaris were worth $878,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Polaris by 677.2% during the first quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company’s stock valued at $22,283,000 after acquiring an additional 474,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Polaris by 27.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,289 shares of the company’s stock worth $7,504,000 after purchasing an additional 39,584 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Polaris by 21.2% during the 1st quarter. Inspire Investing LLC now owns 8,438 shares of the company’s stock worth $345,000 after purchasing an additional 1,476 shares in the last quarter. Bard Financial Services Inc. increased its position in shares of Polaris by 14.8% during the second 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. Finally, Goldstone Financial Group LLC acquired a new position in shares of Polaris in the second quarter valued at $376,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Insider Activity at Polaris

In other news, SVP James P. Williams sold 4,554 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $67.53, for a total value of $307,531.62. Following the completion of the sale, the senior vice president directly owned 43,878 shares in the company, valued at approximately $2,963,081.34. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.12% of the company’s stock.

Polaris Price Performance

NYSE:PII opened at $71.86 on Friday. The company has a quick ratio of 0.36, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The firm has a market cap of $4.04 billion, a PE ratio of -27.12, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $75.25. The company’s 50-day moving average price is $66.34 and its two-hundred day moving average price is $59.72.

Polaris (NYSE:PII) last posted its earnings results on Monday, October 27th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. Polaris’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, equities analysts anticipate that Polaris Inc. will post 1.11 EPS for the current fiscal year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. Polaris’s payout ratio is currently -101.13%.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on shares of Polaris from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Citigroup lifted their target price on shares of Polaris from $60.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. BMO Capital Markets reissued a “market perform” rating and issued a $70.00 target price on shares of Polaris in a research note on Wednesday, October 29th. Loop Capital assumed coverage on shares of Polaris in a research note on Thursday, November 13th. They set a “hold” rating and a $59.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Polaris in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.25.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.