Calton & Associates Inc. Acquires Shares of 4,402 Polaris Inc. (NYSE:PII)

Calton & Associates Inc. acquired a new stake in shares of Polaris Inc. (NYSE:PII) during the 3rd quarter, HoldingsChannel reports. The fund acquired 4,402 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PII. New England Capital Financial Advisors LLC purchased a new position in Polaris during the first quarter valued at $25,000. Blue Trust Inc. lifted its holdings in Polaris by 2,431.3% during the third quarter. Blue Trust Inc. now owns 405 shares of the company’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Polaris by 174.1% during the first quarter. Bessemer Group Inc. now owns 370 shares of the company’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Polaris by 1,931.3% in the second quarter. Signaturefd LLC now owns 650 shares of the company’s stock worth $51,000 after buying an additional 618 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Polaris during the second quarter worth about $57,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PII shares. Royal Bank of Canada lowered their price target on shares of Polaris from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 24th. KeyCorp lowered their price target on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Bank of America lowered their price target on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Longbow Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. Finally, Truist Financial decreased their target price on shares of Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $89.18.

Polaris Stock Performance

Shares of PII stock opened at $72.22 on Wednesday. The firm’s 50 day moving average price is $82.25 and its 200-day moving average price is $82.12. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. Polaris Inc. has a one year low of $71.18 and a one year high of $100.91. The firm has a market cap of $4.03 billion, a P/E ratio of 12.65, a P/E/G ratio of 7.59 and a beta of 1.51.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.89). Polaris had a return on equity of 26.38% and a net margin of 3.98%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $2.42 earnings per share. Polaris’s quarterly revenue was down 11.5% on a year-over-year basis. As a group, equities research analysts predict that Polaris Inc. will post 3.66 EPS for the current year.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Tuesday, September 3rd. Polaris’s payout ratio is currently 46.23%.

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.