Polaris Inc. (NYSE:PII) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Polaris Inc. (NYSE:PII) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,837 shares of the company’s stock after selling 1,838 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Polaris worth $3,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Polaris by 71.2% during the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Money Concepts Capital Corp boosted its position in Polaris by 89.1% during the fourth quarter. Money Concepts Capital Corp now owns 312 shares of the company’s stock worth $32,000 after purchasing an additional 147 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Polaris during the fourth quarter worth approximately $31,000. IFP Advisors Inc boosted its position in Polaris by 30.4% during the second quarter. IFP Advisors Inc now owns 395 shares of the company’s stock worth $48,000 after purchasing an additional 92 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after purchasing an additional 338 shares in the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Price Performance

PII stock opened at $86.76 on Thursday. The business has a fifty day moving average of $93.19 and a two-hundred day moving average of $91.99. The company has a quick ratio of 0.46, a current ratio of 1.39 and a debt-to-equity ratio of 1.31. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.60. Polaris Inc. has a 52-week low of $82.00 and a 52-week high of $138.49.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.69). The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. Polaris’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $3.46 EPS. As a group, research analysts anticipate that Polaris Inc. will post 7.97 earnings per share for the current year.

Polaris Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.66 per share. This is a boost from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 29th. This represents a $2.64 annualized dividend and a yield of 3.04%. Polaris’s dividend payout ratio (DPR) is 30.34%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PII. KeyCorp lowered their price target on Polaris from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. DA Davidson reiterated a “neutral” rating and set a $80.00 price target on shares of Polaris in a research report on Tuesday, March 5th. BMO Capital Markets lowered their price target on Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley upgraded Polaris from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada raised their target price on Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.73.

About Polaris

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.