Polaris Inc. (NYSE:PII) Stock Holdings Lowered by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its holdings in Polaris Inc. (NYSE:PII) by 11.6% during the fourth quarter, Holdings Channel reports. The firm owned 10,962 shares of the company’s stock after selling 1,432 shares during the period. Schechter Investment Advisors LLC’s holdings in Polaris were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. IFP Advisors Inc raised its holdings in shares of Polaris by 30.4% during the second quarter. IFP Advisors Inc now owns 395 shares of the company’s stock valued at $48,000 after acquiring an additional 92 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of Polaris by 4.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,533 shares of the company’s stock valued at $256,000 after acquiring an additional 99 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Polaris by 71.2% during the second quarter. Farther Finance Advisors LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Polaris by 3.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,533 shares of the company’s stock valued at $357,000 after acquiring an additional 110 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Polaris by 4.2% during the second quarter. Sei Investments Co. now owns 2,805 shares of the company’s stock valued at $339,000 after acquiring an additional 112 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Polaris from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. KeyCorp lowered their price objective on shares of 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 reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Polaris in a research report on Tuesday, March 5th. Truist Financial lowered their price objective on shares of Polaris from $100.00 to $96.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Polaris from $100.00 to $103.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.44.

Polaris Price Performance

NYSE PII opened at $99.08 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.46 and a debt-to-equity ratio of 1.31. The company has a fifty day simple moving average of $92.13 and a 200 day simple moving average of $93.08. The company has a market cap of $5.60 billion, a P/E ratio of 11.39 and a beta of 1.59. Polaris Inc. has a 1 year low of $82.00 and a 1 year high of $138.49.

Polaris (NYSE:PII) last posted its quarterly earnings data 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 firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. Polaris had a return on equity of 40.98% and a net margin of 5.63%. Polaris’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.46 earnings per share. On average, sell-side analysts predict that Polaris Inc. will post 7.98 EPS for the current year.

Polaris Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.66 per share. This is an increase from Polaris’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, February 29th. Polaris’s dividend payout ratio is currently 30.34%.

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.